The M2 money supply
A) includes M1.
B) is commonly referred to as the broad definition of the money supply.
C) includes savings deposits.
D) is larger than M1.
E) all of the above
E
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The hedonic price method
a. is a direct method of estimating benefit b. relies on the theory that goods are valued for their attributes c. is a physical linkage approach d. is useful but not intuitive
What is the antithesis of the rule of law?
A) Arbitrary governance B) Governance according to the will of whoever is in charge C) Both of the above. D) None of the above.
Compared to the 1910-1960 period, during the past 50 years the severity of macroeconomic fluctuations has
a. increased. b. decreased. c. changed little. d. increased, but the general level of prices has been more stable.
A default rule:
A. is a consequence that users of commitment devices agree to if they fail to follow through with their commitment. B. is a defined limit used to mark when someone is decidedly not making a good decision. C. defines what will automatically occur if someone fails to make an active decision otherwise. D. is the defined strength of a given commitment needed to get an individual to follow through with the commitment.