Which of the following statements is false?
A) The Wilshire 5000 is a stock index that consists of the stocks of about 6,500 firms.
B) Instead of buying a mutual fund that consists of various stocks picked by a fund manager you can buy a mutual fund that consists of the stocks that make up a particular stock index.
C) The term Sypders stands for "Standard & Poors Direct Receipts."
D) When an investor buys Spyders they are said to "buy the market."
C
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The monetary base minus currency in circulation equals
A) reserves. B) the borrowed base. C) the nonborrowed base. D) discount loans.
Active stabilization policy can be rationalized in the New Keynesian model because
A) it makes it possible to obtain zero inflation. B) the government knows best. C) it counteracts the influence of unions. D) it allows a faster return to economic efficiency.