The M2 money supply is equal to the M1 money supply plus
A) small time deposits, savings deposits, and retail money market mutual fund shares.
B) all credit card balances and retail money market mutual fund shares.
C) large time deposits and retail money market mutual fund shares.
D) every account held by commercial banks.
A
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U.S. banks are required by law to keep most of their assets as reserves
Indicate whether the statement is true or false
At the equilibrium price, the quantity of the good that buyers are willing and able to buy
a. is greater than the quantity that sellers are willing and able to sell. b. exactly equals the quantity that sellers are willing and able to sell. c. is less than the quantity that sellers are willing and able to sell. d. Either a) or c) could be correct.
If no one can be prevented from using good x, then good x is one of two types of goods. What are those two types?
During a severe recession, we would expect output to fall the most in:
A. agriculture. B. the construction industry. C. the clothing industry. D. the health-care industry.