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.
Answer: D
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Which of the following is NOT considered a receipt in the balance of payments?
A) exports of goods B) capital inflows C) import of services D) unilateral transfers to U.S. citizens
The U.S. record is superior to that of Europe in ________
A) growth in real productivity. B) real wage growth C) growth in employment D) All of the above
On any given day, a salesman can earn $0 with a 20% probability, $100 with a 40% probability, or $300 with a 20% probability. His expected earnings equal
A) $0. B) $100 because that is the most likely outcome. C) $100 because that is what he will earn on average. D) $200 because that is what he will earn on average.
The Federal Reserve operates under a rule that requires money supply growth to increase by one percentage point for every percentage point that unemployment rises above its natural rate
a. True b. False Indicate whether the statement is true or false