Suppose that a researcher discovers that a measure of the total amount of debt in the u. s. economy over the past twenty years was a better predictor of inflation and the business cycle than m1 or m2. does this discovery mean that we should define money as equal to the total amount of debt in the economy?

Security prices are set by active market participants. which of the following is not a consequnce of this fact? a. the market price will be set by the buyer who can take best advantage of the asset. b. the price is set by the buyer willing to pay the highest price. c. superior information about an asset can increase its value by reducing its risk. d. market participants have a strong incentive to reveal private information about a security.