Which of the following is NOT included in the monetary aggregate M2?
A) currency
B) savings bonds
C) traveler's checks
D) checking deposits
B
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Answer the following statements true (T) or false (F)
1. In 2011, China overtook Mexico to become the number one country of origin of U.S. legal immigrants. 2. In 2007, immigrants made up a larger portion of the labor force in the U.S. than that in Canada. 3. The simple immigration model suggests that, for a high-wage country like the United States, immigration tends to reduce domestic output as well as the total income of businesses. 4. An increase in the mobility of labor across nations tends to decrease the world's output of goods and services.
A country with an undervalued currency
A. will have a balance of payments deficit. B. will accumulate reserves of foreign currencies. C. will suffer losses of foreign reserves. D. must intervene in the foreign-exchange market to buy its own currency.
Outlet Malls Coach Handbags sells its purses through traditional department stores and specialty shops. But it sells discounted bags through "Coach Brand" shops at outlet malls. Why does it own the outlet mall stores but not the stores at the traditional department stores and specialty shops?
A shift in the consumption function:
A. is based on the marginal propensity to consume. B. can be caused by a change in the price level. C. can be caused by a change in GDP. D. cannot be caused by a change in expectations.