What is included in M2 that is not included in M1?
What will be an ideal response?
Small denomination time deposits, plus savings deposits and money market deposit accounts and retail money market mutual fund shares.
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"A country's expenditure multiplier is constant over time." Explain whether the previous statement is correct or incorrect
What will be an ideal response?
Compared to perfect competition, the consumer surplus in a monopoly
A) is lower because price is higher and output is lower. B) is unchanged because price and output are the same. C) is eliminated. D) is higher because price is higher and output is the same.
A bank's reserve ratio is 10 percent and the bank has $5,000 in deposits. Its reserves amount to
a. $50. b. $500. c. $4,500. d. $4,950.
As far as contributions to a professional sports team's bottom line are concerned, players generally receive
a. about what they are worth. b. about half of what they are worth. c. about ten times more than what they are worth. d. about twice what they are worth.