M2 equals
A) M1 and is just another name for currency outside of banks.
B) M1 plus savings deposits and small time deposits minus money market fund deposits.
C) M1 plus savings deposits, small time deposits, and money market fund deposits.
D) M1 minus traveler's checks because they are not really money.
E) currency plus savings deposits, all time deposits, and money market funds and other deposits.
C
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Refer to the table above. Laborland's net payment to foreigners equals ________
A) -$23 billion B) $20 billion C) -$61 billion D) $23 billion
Individuals who suffer from unemployment spells lasting more than six months are ________
A) chronically unemployed B) frictionally unemployed C) discouraged workers D) no longer counted as part of the labor force