Asst07f09 - AGEC 217 Assignment 7 RWTaylor Due Name Seat No...

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AGEC 217 Assignment 7 RWTaylor Due: 10/16/09 Name __________________________ Seat No. _____________ 1. List the three parts of the money supply from largest to smallest based on the amount of money you have on Tuesday of this week. _______________________, ______________________, ________________________ 2. If things go as planned, when you finish college and begin your career, how much is your annual income likely to be? $ _______________ 3. Is the amount of money you have the same as the amount of your income? 4. Consider a person who has held a job for years and then lost it when his employer downsized. On being dismissed, he was given three months severance pay. What do you think will happen to amount of money and the income of this person from last week when he still had the job to this week when he has lost his job? Change in the amount of money : Change in the amount of income: 5. Money and income are quite different, but we sometimes casually blend these ideas in error. Using the definitions of referred to above, indicate which of the following are true, which false (Write “True” or “False”).
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