The key official definition of the money supply is
A) only coins and paper currency in circulation. B) M2.
C) only transactions deposits at banks. D) MZM.
B
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The economy's ability to coordinate economic activity is hindered by
A) auction prices. B) workers whose wages change quickly. C) sticky wages causing sticky prices. D) all of the above.
Which of the following is NOT part of the shadow banking system?
A) the transformer B) the servicer C) the bundler D) the distributor
An increase in the money supply will tend to
A. lower interest rates and lower the equilibrium GDP. B. lower interest rates and increase the equilibrium GDP. C. increase interest rates and increase the equilibrium GDP. D. increase interest rates and lower the equilibrium GDP.
Each of the following, except one, can explain why a given job pays a compensating wage differential. Which is the exception?
a. The job requires costly training. b. The job is dangerous. c. The job is in a city with a high cost of living. d. The job requires a very high level of physical exertion. e. An increase in product demand raises the demand for labor in this job.