A bank has $250 in checking deposits, $1,000 in savings deposits, $1,200 in time deposits, $1,000 in loans to businesses, $400 in outstanding credit card balances, $800 in government securities, $25 in currency in its vault, and $25 in deposits at
the Fed. Of these, ________ are part of M2.
A) $2,600 B) $2,450 C) $3,450 D) $2,850 E) $2,200
B
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The above figure shows the apartment market in Big City. A rent ceiling of $1100 would
A) not create a black market. B) create a shortage of apartments. C) decrease search activity. D) shift the supply curve rightward.
During the recession of 2008-2009, the length of time qualified workers were permitted to draw unemployment benefits was increased from 26 to up to 99 weeks. Economic theory indicates that this extension would
a. reduce the opportunity cost of job search and lead to longer spells of unemployment. b. increase the opportunity cost of job search and lead to shorter spells of unemployment. c. reduce the long-term rate of unemployment. d. increase the current supply of labor and make it easier for employers to hire workers.