Which of the following are included in the M2 definition of the money supply?
a. cash and currency
b. checkable deposits
c. money market deposit accounts
d. money market mutual funds
e. All of the above are included.
e
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In the United States, between 1961 and 2011, there has been
i. a consistent , non-changing growth rate of potential GDP per person. ii. an increase in the standard of living based on real GDP per person. iii. fluctuations in real GDP per person around potential GDP per person. A) ii only B) i, ii and iii C) i and ii only D) ii and iii E) i only
A perfectly competitive firm will minimize its losses by shutting down when:
A) P < AVC at the profit-maximizing level of output. B) P < ATC at the profit-maximizing level of output. C) P < MC at the profit-maximizing level of output. D) P < TFC at the profit-maximizing level of output.
If the numbers of people officially employed and officially unemployed each increased by 10%, while the non-institutional population increased by 15%, what would be the effect?
a. an increase in the unemployment rate and an increase in the labor force participation rate b. an increase in the unemployment rate and a decrease in the labor force participation rate c. No change in the unemployment rate and an increase in the labor force participation rate d. No change in the unemployment rate and a decrease in the labor force participation rate
Budget deficit
What will be an ideal response?