Which of the following is counted as part of M2?

If firms pay what are called "efficiency wages," they pay wages that

A) are lower than average to ensure maximum profit. B) are mandated by the government. C) will eventually lower the unemployment rate. D) motivate workers to increase their productivity.

During the 1990s, deadweight losses per job saved through tariffs and quotas in the apparel industry

A) were greater than the wages earned in apparel jobs. B) were small enough to ignore. C) were less than the value of the jobs saved. D) increased net national welfare.