Which one of the following is in M2, but not in M1?
A. Currency
B. Checking deposits
C. Small denomination time deposits
D. Travelers checks
C. Small denomination time deposits
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According to the Romer model, an increase in population will cause ________
A) an immediate increase in output per capita and a permanent increase in output per capita B) an immediate decrease in output per capita and a permanent increase in output per capita C) an immediate increase in output per capita and a permanent decrease in output per capita D) an immediate and permanent decrease in output per capita
If an employer pays employees according to the volume of business revenue they individually generate, then the employer is applying the
A) productivity standard. B) merit standard. C) contributive standard. D) all of the above.
The baby boomer generation is just starting to retire, and waiting lists to get into nursing homes are on the rise. We could reasonably expect the demand for geriatric care to:
A. increase due to the number of buyers increasing. B. decrease due to the number of buyers increasing. C. increase due to expectations of future prices. D. decrease due to expectations of future prices.
If exports exceed imports during a period of full employment (while other planned injections equal other planned leakages), the economy
a. remains stable. b. contracts. c. experiences rising prices. d. experiences falling prices.