Which one of the following is included in M2 but NOT in M1?
A. large-denomination time deposits
B. transaction deposits
C. coins and currency
D. a savings deposit
Answer: D
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What important changes have occurred in the composition of the labor force since 1960? Is the popular image of the American worker as a factory worker accurate? Describe the types of jobs Americans are working in today.
What will be an ideal response?
The manager of a large luxury hotel chain is currently negotiating a four year contract with a linens supplier. The linens company will supply fresh laundered bedding and towels to the hotel over a four year period; however, the hotel chain can ends its contract with the linens company at the end of the first, second, or third years if the linens company does not supply quality linens. The
manager of the hotel chain should be most concerned about the quality of linens in which year? A) the first year B) the second year C) the fourth year D) the third year
If it costs the DuPont Chemical Company more to make the chemical flaxinate in the United States than it does to make it in Formosa, the Formosans must have
a. a comparative advantage in producing flaxinate b. cheaper labor c. efficient traders d. greater access to the raw materials that are used to produce flaxinate e. an absolute advantage in flaxinate production
The economy pictured in the given figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________.
A. recessionary; B B. recessionary; C C. expansionary; A D. recessionary; A