Which of the following is not included in either M1 or M2?
a. money market deposit accounts
b. large time deposit
c. demand deposits
d. money market mutual funds
b
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What phrase best describes medical care spending in the United States in 2015?
Economists use the term shocks to mean
A. sudden rises in oil prices. B. unexpected government actions that affect the economy. C. typically unpredictable forces that have major impacts on the economy. D. the business cycle.
Refer to the information provided in Figure 16.3 below to answer the question(s) that follow. 
Figure 16.3Refer to Figure 16.3. At 20 units of output there are external
A. costs of $2 per unit. B. benefits of $2 per unit. C. costs of $5 per unit. D. benefits of $5 per unit.
Which of the following would be expected to decrease the demand for money in the U.S.?
A. The economy enters a boom period. B. Political instability increases dramatically in developing nations. C. Households fear increasing computer glitches will severely limit their ability to use ATMs. D. Grocery stores begin to accept credit cards in payment.