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FromTheMoon [43]
2 years ago
7

In recent times, the value of "currency" as well as "checkable deposits" was about $___________ billion each.

Business
1 answer:
Alinara [238K]2 years ago
6 0

Answer:

As of December 2019, the total amount of currency in the US economy was $1,700 billion, while total checkable deposits as of December 2019 was $2,300 billion.

Explanation:

Total M1 money supply in the US economy as of December 2019 was $4 trillion (as stated by the federal reserve)

M1 money supply includes checkable deposits, paper bills and coins (currency) and travelers' checks.

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Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be ______
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Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be _<u>higher</u><u>_</u>and real GDP to be <u>higher.</u>

<h3>
What is Expansionary fiscal policy ?</h3>

Expansionary fiscal policy can be defined as the type of fiscal policy in which government intend to increase the aggregate money supply while on the other hand cut or reduce the tax rate for the purpose of economy growth.

In a situation were real GDP fall below potential real GDP this tend to lead to increase in both inflation rate and real GDP.

Inconclusion the inflation rate will be _<u>higher</u><u>_</u>and real GDP will be <u>higher.</u>

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Learn more about Expansionary fiscal policy here:brainly.com/question/546292?source=archive

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1 year ago
Daniel is the owner of a footwear manufacturing company. To increase the production of footwear on a weekly basis, he orders his
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According to the Blake/Mouton grid, Daniel falls under the produce-or-perish management style, also known as the authority compliance style  

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This management style is very autocratic, very much a Theory X management style.

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