What are the three noteworthy labor market trends that Americans have experienced for about two decades?
For about two decades Americans have experienced three noteworthy trends:
(a) a decline in union membership of more than 30 percent,
(b) a steady fall in real wages partly offset by rising fringe benefits, and
(c) a rise in the income gap between well-paid and poorly paid workers.
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An expected increase in the money supply will tend to cause
A) an increase in stock prices. B) a reduction in stock prices. C) no change in stock prices. D) an ambiguous effect on stock prices.
The M2 definition of the money supply is based on the concept that
a. M1 is a small number, and should be increased in size. b. many types of deposits can be used as both payments and stores of value. c. checking deposits are used for payments, and therefore, not part of M1. d. cash is not used for the majority of payments.