A traveler's check issued by a financial company is a component of M2

If uncertainty about banks' health causes depositors to begin to withdraw their funds from banks, the country experiences a(n)

A) banking crisis. B) financial recovery. C) reduction of the adverse selection and moral hazard problems. D) increase in information available to investors.

We would expect a decrease in taxes to cause a movement down along the short-run Phillips Curve.

Answer the following statement true (T) or false (F)