1) An examination of revised money supply statistics, when compared to the initial statistics, suggests that the initial statistics
A) are pretty good.
B) do not provide a good guide to short run movements in the money supply.
C) provide a poor guide of monetary policy because they are usually underestimates of the revised statistics.
D) provide a good guide of monetary policy, though they are usually underestimates of the revised statistics.
2) Generally, the initial money supply data reported by the Fed
A) is not a reliable guide to the short run behavior of the money supply.
B) is not a reliable guide to the long run behavior of the money supply.
C) is a reliable guide to the short run behavior of the money supply.
D) usually underestimate the revised statistics.
3) The initial money supply data reported by the Fed are not a reliable guide to short –run movements in the money supply such as a ________, but are reasonably reliable for longer periods such as a ________.
A) month; year
B) day; month
C) year; decade
D) decade; century