The money supply known as M2:
a. includes large denomination time deposits.
b. excludes interest-earning checking accounts in savings and loans.
c. does not include money market mutual accounts.
d. includes savings accounts and small denomination time deposits.
e. includes large denomination repurchase agreements.
d
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The data below relates to a pure monopoly and the product it produces. What is the profit-maximizing output and price for this firm?
A. P = $15; Q = 3
B. P = $12; Q = 5
C. P = $18; Q = 2
D. P = $14; Q = 4
How does rapid price adjustment, as assumed in classical models, result in separation of real from nominal variables (the classical dichotomy)?
What will be an ideal response?
The first formal acknowledgement of the primary macroeconomic goals of price stability, high employment, and promoting economic growth in the United States came with passage of the: a. Federal Reserve Act of 1913
b. the Sherman Antitrust Act of 1890. c. the Social Security Act of 1935. d. the Employment Act of 1946.
Most immigration is the result of immigrants migrating to
A. avoid political persecution in their home countries. B. flee civil unrest in their home countries. C. obtain jobs at a higher rate of pay than they can receive in their home countries. D. take advantage of entitlement programs in the destination country.