Which of the following is included in the narrow definition of the money supply?
a. Cash in bank vaults
b. Savings deposits
c. Money market mutual fund accounts
d. Negotiable certificates of deposit
e. Checkable deposits
e
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In the classical model
A) a decrease in aggregate demand will lead to a decrease in the price level and a decrease in real GDP. B) changes in aggregate supply leave real GDP unchanged. C) a decrease in aggregate demand will lead to an increase in the price level and a decrease in real GDP. D) changes in aggregate demand affect only the price level, not real GDP.
When government mandates participation in a program to solve an information asymmetry problem, it is trying to prevent:
A. moral hazard. B. adverse selection. C. building a reputation. D. illegal screening.
The per se criterion was an antitrust law guideline that emphasized ________ over ________
a. price; quantity b. quantity; price c. law; the economy d. size; behavior e. behavior; size
The 12 regional Federal Reserve Banks
A. are not allowed to make loans to banks in their districts. B. regulate banks in their districts. C. have more voting members on the FOMC than does the Board of Governors. D. are each headed by a member of the Board of Governors.