M1 does not include cash that is held in ATMs or bank vaults, because ________
A) no one really owns that money
B) that money is included in M2
C) that money earns no interest
D) the right to access that money is counted already as bank deposits
E) none of the above
D
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One result of the minimum wage is
A) a black market for labor that pays more than the minimum wage. B) a black market for labor that pays less than the minimum wage. C) decreased job search activity. D) a decrease in unemployment among poor and unskilled workers. E) an increase in employment among poor and unskilled workers.
For a given rate of interest, the total interest you receive from lending money
A) increases with the frequency of compounding. B) decreases with the frequency of compounding. C) is independent of the frequency of compounding. D) is greatest when there is no compounding.