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    Financial System and the Economy Principles
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    Exam 24: The Process of Monetary Policy Formation
  5. Question
    During the 1970s, the Relationship Between M1 and the Level
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During the 1970s, the Relationship Between M1 and the Level

Question 36

Question 36

Multiple Choice

During the 1970s, the relationship between M1 and the level of economic activity was


A) stable and predictable.
B) erratic and unpredictable.
C) unknown.
D) None of the above is correct.

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