Other things constant, which of the following would cause the M2 money supply to decline?
a. an increase in the quantity of U.S. currency held overseas
b. a shift of funds from interest-earning checking accounts to money market mutual funds
c. a reduction in the general public's holdings of currency outside of banks because debit cards have become more popular and widely accepted
d. a shift of funds from money market mutual funds into stock and bond mutual funds because the fees to invest in the latter have declined
D
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Prior to 1995 productivity growth in Europe was ________ in the United States
A) higher than B) lower than C) same as D) None of the above
In the United States in the 1920s, there were many bank failures in ___ areas, as the result of ___
a. rural, high levels of indebtedness taken on in WWI b. rural, pro-urban Federal spending policies c. urban, lack of demand from the lower middle class for industrial products d. urban, pro-rural Federal spending policies
________ first presented the product cycle hypothesis.
A. Adam Smith B. Eli Heckscher C. David Ricardo D. Raymond Vernon
The supply curve for gasoline will be more elastic in:
A. the short run because of the principle of diminishing returns. B. the long run because of the principle of diminishing returns. C. the short run because firms have more time in which to respond to the price change. D. the long run because firms have more time in which to respond to the price change.