Search and wait unemployment is another way to describe:

Suppose Stan transfers $1,000 from his savings account into his checking account. What are the effects on M1 and M2 money supply?

A) M1 increases; M2 remains the same. B) M1 decreases; M2 increases. C) Both M1 and M2 increase. D) Both M1 and M2 decrease. E) Both M1 and M2 remain the same.

Which of the following would be classified as a variable cost for the local Texaco station?

A) interest payments to a local bank for a 5-year loan B) the total wages paid to the workers who are all paid $16.00 per hour, no matter how many hours they work each week C) the premiums paid for liability insurance, which are constant throughout the life of the contract D) the opportunity cost of money used to finance the installation of some new pumps