Which of the following is included in M2 but is not included in M1?
a. Eurodollar deposits
b. savings accounts
c. traveler's checks
d. checkable deposits
b
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The idea that some people engage in risky behavior due to the fact that they have good health care is known as
A) moral hazard. B) risk aversion. C) zero-sum game. D) risk-taking behavior.
The classical economic doctrine held that the normal equilibrium position of the economy was one of
a. rising interest rates. b. some unemployment. c. rising prices. d. full employment.
In an open economy, the government deficit is 600 and saving exceeds investment by 500, so in equilibrium the trade deficit (IM ? X) must be
a. 100. b. 200. c. 300. d. 700.
Issuing stock to pay for capital equipment when a company’s stock price is relatively low ______ than when its price is relatively high and will ______ the ownership interest of existing stockholders.
a. is less desirable; concentrate b. is more profitable; enhance c. requires issuing more shares; dilute d. raises less funds; not affect