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  3. Study Set
    Macroeconomics Study Set 41
  4. Exam
    Exam 8: Money, the Price Level, and Inflation
  5. Question
    M2 Is
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M2 Is

Question 465

Question 465

Multiple Choice

M2 is


A) equal to M1, but only when all three functions of money apply.
B) larger than M1.
C) equal to M1, given full employment.
D) smaller than M1.

Correct Answer:

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