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Some questions may have multiple correct answers 1. Which of the following are not one of the functions of money (a) Unit of Account (b)

Some questions may have multiple correct answers 1. Which of the following are not one of the functions of money (a) Unit of Account (b) Fungability (c) Uniformity (d) Store of Value 2. What of the following are included in the M2 money supply but not M1 (a) Savings Accounts (b) Credit Card Limits (c) Checkable Deposits (d) Traveler's Checks (e) Small Time Deposits 3. Thinking of our overall economy, suppose that TFP increase today. How will that impact the equilibrium values in the labor market? (assume an upward sloping labor supply curve) (a) Decrease in the equilibrium wage (b) Increase in the equilibrium wage (c) Decrease in equilibrium output (d) Increase in equilibrium output (e) No change in the labor market

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