M2 includes M1 plus
A) savings account balances, money market deposit accounts in banks, small-denomination time deposits, and noninstitutional money market fund shares.
B) checking account deposits, large-denomination time deposits, and noninstitutional money market fund shares.
C) currency in circulation, checking account deposits in banks, and holdings of traveler's checks.
D) currency in circulation, savings account balances, and small-denomination time deposits.
A
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A public franchise is
A) an exclusive right granted to a firm to supply a good or service. B) a government issued license required to practice a profession. C) an exclusive right granted to an inventor of a product. D) a unique source of raw materials.
In the first half of 2008, food and energy costs in the United States increased. At the same time, the financial crisis slowed production. As a result, economists warned that the economy would
A) suffer an inflationary gap. B) see a decrease in aggregate demand and an increase in long-run aggregate supply. C) experience stagflation. D) see an increase in potential GDP.