Which of the following are included in the M1 definition of money?

Group of answer choices

currency and small time deposits

traveler's checks and money market mutual funds

currency and savings deposits

currency and checkable deposits

The value of the CPI for the reference base period is always

In the Aggregate Supply and Aggregate Demand model, when the Aggregate Supply Curve is perfectly flat, this is called

Group of answer choices

the intermediate phase

the classical phase

Full employment

the Keynesian phase

The U.S. dollar is called

Group of answer choices

fiat money because the US Federal government says or decrees it is money.

faith money.

frail money because wear and tear ruins paper bills.

commodity money, because it is convertible into gold.