1.
M2 consists of:
a.
M1 plus money market mutual funds only.
b.
M1 plus time deposits only.
c.
only near-monies.
d.
coins, currency, and checkable deposits only.
e.
M1 plus savings accounts, small time deposits, money market
mutual funds, and miscellaneous near-monies.
2.
The demand for money in an economy is high when the:
a.
real GDP is low.
b.
price level is high.
c.
interest rate is high.
d.
personal tax rate is low.
e.
unemployment rate is...