Which of the following is NOT included in the MZM definition of money?

Explain the concept of zero lower bound

What will be an ideal response?

If Congress authorized the President to lower tax rates or to initiate spending projects when aggregate demand was inadequate, which consequence could be predicted most confidently?

A) Aggregate spending would be more stable over time. B) Recessions would be less severe. C) Recessions would occur less frequently. D) The political power of the President would increase. E) We would experience a lower rate of inflation.

Depositors lack of information about the quality of bank assets can lead to

A) bank panics. B) bank booms. C) sequencing. D) asset transformation.

The perfectly competitive firm's short-run supply curve is the same as the

a. supply curve of all other firms in the industry b. upward-sloping portion of its marginal cost curve c. upward-sloping portion of its marginal cost curve at or above minimum average variable cost d. upward-sloping portion of its average variable cost curve e. market demand curve