macroeconomics finale milestone.pdf - Sophia Welcome Score...

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7/30/2020 Sophia :: Welcome 1/17 MILESTONE Score 21/25 You passed this Milestone 21 questions were answered correctly . 4 questions were answered incorrectly . 1 Select the example below that is M1 type of money. Checking account balance Money market mutual funds Time deposit Collectible silver coins CONCEPT M0, M1, M2 2 Select the example below that is binding. A price floor at equilibrium A price floor above equilibrium
7/30/2020 Sophia :: Welcome A price ceiling above equilibrium A price ceiling at equilibrium CONCEPT Surplus and Constraints 3 The people of a certain Mediterranean village always eat salad with balsamic vinegar and olive oil as dressing. If the olive crop fails one year because of a terrible storm, what most likely would happen to the demand for balsamic vinegar that the people of this village purchase?
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CONCEPT Shifts in Demand 4 Which statement below is false regarding the circular flow diagram?
7/30/2020 Sophia :: Welcome CONCEPT Circular Flow Diagram 5 Which statement below corresponds to the term "Federal Reserve?"
3/17 CONCEPT U.S. Central Bank: Federal Reserve 6 Which of the following is NOT part of the expenditure approach to calculating GDP?

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