The situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction is known as asymmetric information

Which group within the National Bureau of Economic Research officially determines whether the economy is in a recession or expansion?

A) The G-4 B) The Business Cycle Dating Committee C) The Business Cycle Governors D) The Turning Point Group

Which of these transactions results in an increase in M1?

A) withdrawal of $100 cash from your checking account B) certificate of deposit matures, adding $520 to your checking account C) depositing a bank loan of $400 into your savings account D) depositing a $300 paycheck into your savings account E) none of the above