Which of the following is included in M2 but NOT in M1?
A) NOW accounts
B) demand deposits
C) currency
D) money market mutual fund shares (retail)
D
Economics
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A market:
A. reflects upsloping demand and downsloping supply curves. B. entails the exchange of goods, but not services. C. is an institution that brings together buyers and sellers. D. always requires face-to-face contact between buyer and seller.
Economics
If a household's income rises by 30%, its budget constraint will
A. shift out parallel to the old one. B. shift in parallel to the old one. C. pivot at the Y-intercept. D. be unaffected.
Economics