If currency outside of banks is $800 billion; traveler's checks are $10 billion; checkable deposits owned by individuals and businesses are $700 billion; savings deposits are $4,000 billion; small time deposits are $1,000 billion; and money market
funds and other deposits are $800 billion, then M2 equals ________ billion.
A) $7,310 B) $5,800 C) $710 D) $2,510 E) $1,510
A
Economics
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Persons who do not hold a job, but are actively seeking work are considered: a. out of the labor force
b. unemployed. c. unemployable, and not counted in official statistics. d. underemployed.
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A policymaker against stabilizing the economy would be likely to believe
a. policymakers should "do no harm". b. there are no obstacles to the practical application of policy in real life. c. policy lags are short enough that implementing policy changes in response to recession is not too risky. d. policy mitigates the magnitude of economic fluctuations.
Economics