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    Exam 28: The Financial Sector and the Economy
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    The Major Measures of Money Are M1 and M2
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The Major Measures of Money Are M1 and M2

Question 187

Question 187

Essay

The major measures of money are M1 and M2.What are the major components of each of these measures? Why do economists focus their attention on M2?

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M1 is a measure of money that consists o...

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