All of the following are part of M2 except one. Which is the exception?
a. Money market deposit accounts
b. Coins
c. Traveler's checks
d. Large-denomination time deposits
e. Savings deposits
d
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The marginal rate of technical substitution of labor for capital (MRTSLK) tends to be higher
a. the larger the quantity of capital already employed. b. the lower the quantity of capital already employed. c. when a firm is choosing baskets that are technologically inefficient. d. in the short-run compared to the long-run.
A key reason why some countries are growing very slowly is
A) they lack economic freedom. B) there is too much competition within their economies. C) they lack a democratic government. D) they are too poor, so there is no saving. E) their inflation rate is too high.
The above table gives the initial balance sheet for Mega Bank. Barney comes into the bank and deposits $50 of currency into his checking account. The desired reserve ratio is 3 percent
After Barney's deposit, but before any other actions occur, MegaBank will have excess reserves of A) $15.00. B) $33.00. C) $48.50. D) $50.00.
Using consumption theories based upon forward looking hypothesis, a temporary increase in government expenditures will have ________ impact on induced consumption
A) a large multiple B) a small multiple C) a variable D) no