Which of the following items are included in money supply M2 but not M1?
A. Federal Reserve notes
B. Coins
C. Savings deposits
D. Checkable deposits
C. Savings deposits
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Refer to the scenario above. What can Edward do to induce the housekeeper to work regularly?
A) Pay an efficient wage B) Pay a lower money wage C) Pay a lower real wage D) Pay the minimum wage that the housekeeper would accept
A fireworks show has been arranged in a park. The ticket for the show is $5 but only 40% of the tickets get sold as spectators can watch the show without entering the park. This is an example of ________
A) the free-rider problem B) the paradox of thrift C) the paradox of plenty D) the tragedy of the commons
While deficits in the United States through the 1970s, 1980s and early 1990s were high relative to our historical peacetime experience, they
a. were been below average for large industrial countries. b. were above average when compared to other large industrial countries. c. were about average for large industrial countries. d. were the lowest when compared to other large industrial countries.
Which of the following questions would a macroeconomist most likely try to answer?
A. What stage of the business cycle is our economy currently in? B. Why do Broadway musicals and airlines have different price discrimination strategies? C. How much would marijuana consumption change if the market became legal? D. Should the 5-Hour Energy firm increase its distribution from national to international?