The M2 money supply is represented by
A) M2 = × MB.
B) M2 = × .
C) MB = × M2.
D) MB = × .
A
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If the world price for good A is above the domestic price for good A without trade, then producer surplus will ________ and total economic surplus will ________ with trade.
A. increase; decrease B. decrease; increase C. increase; increase D. decrease; decrease
In Coppage v. Kansas (1912), the Supreme Court held that
a. all employers were required to offer employees the option of joining a union. b. an employer's right to require that employees sign "yellow-dog contracts" was protected by the 14th Amendment. c. "yellow-dog" contracts were illegal for any business engaged in interstate commerce. d. using federal troops to break strikes was a legitimate use of police power. e. All of the above.
Which of the following represents the basic principle of public choice theory?
a. Politicians act consistently in the public's interest. b. Politicians follow their own self-interest and seek to maximize their reelection chances, rather than promote the best interests of society. c. Politicians act in the public interest once they are elected, but follow their own self-interest and seek to maximize their reelection chances during a political campaign. d. None of the above answers are correct.
As real GDP falls,
a. money demand rises, so the interest rate rises. b. money demand rises, so the interest rate falls c. money demand falls, so the interest rate rises. d. money demand falls, so the interest rate falls.