Small denomination time deposits are included in
A. M1 only.
B. M2 only
C. M1 and M2.
D. M2 and M3.
E. M1, M2, and M3.
D. M2 and M3.
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A binding price ceiling causes quantity demanded to be less than quantity supplied
a. True b. False Indicate whether the statement is true or false
Currently, bank runs are a major problem for the U.S. banking system and the Fed
a. True b. False Indicate whether the statement is true or false
Which of the following is a wealth effect that would most likely cause an increase in the quantity of real GDP demanded in a nation, ceteris paribus?
a. The interest rate in Canada rises due to rising prices. b. Falling prices in France increase the real value of money. c. Australian consumers decrease their spending. d. Germany experiences a prolonged bout of high price levels.
A 100 acre wood used by four people for collecting firewood is common property. The socially efficient use of the wood could be achieved by assigning property rights
a. only if they go to whichever of the four most values the wood. b. only if they are divided equally among all four users. c. only if the are divided according to those who have been using it the longest. d. to any of all of the four.