Which of the following appears in M2 and NOT M1?
A) checking account balances B) currency
C) traveler's checks D) money market mutual funds
D
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Professor Weldon offers to pay his graduate students $20 an hour to grade essay papers. Six students accept the offer. When he raises the wage rate to $25, all ten of his students accept the offer. At least within the wage rate range $20 to $25, the students'
a. supply curve of labor is downward sloping b. demand curve for labor is downward sloping c. supply curve of labor is upward sloping d. demand curve for labor is downward sloping e. supply curve of labor is backward bending
Market equilibrium refers to a situation in which market price
a. is high enough to allow firms to earn a fair profit. b. is at a level where there is neither a shortage nor a surplus. c. is low enough for consumers to buy all that they want. d. is just above the intersection of the market supply and demand curves.
Citizens in the U.S. are not concerned with the financial well-being of their bank due to which of the following?
A. The stability of the economy B. The FDIC C. Government regulation of the banking sector D. The improvement in the reputation of bankers
Recall the Application about how Greek citizens began to hold large amounts of cash in 2015 to answer the following question(s). According to this Application, which of the following is a reason for holding cash?
A. for convenience B. to make a purchase when you cannot use a debit or credit card C. fear of financial catastrophe D. All of these