Which of the following is NOT part of M1 but is included in M2?

The effects of the national health care program on labor markets will

A) lower the effective wage rate that they must pay for each unit of labor. B) decrease the marginal revenue product of labor. C) increase the marginal revenue product of labor. D) move upward along their downward-sloping marginal-product-of-labor curve.

One thing we can do to reduce trade imbalance in the United States would be to

A. push down the value of the dollar relative to other currencies. B. raise the prices of U.S. exports. C. raise consumption in the United States. D. lower savings in the United States.