The Inclusion in M1 of Interest-Bearing Substitutes for Conventional Checkable

question 3

Multiple Choice

The inclusion in M1 of interest-bearing substitutes for conventional checkable deposits in the early 1980s

• A)increased the demand for M1 at each level of nominal GDP, thereby decreasing velocity.
• B)decreased the demand for M1 at each level of nominal GDP, thereby increasing velocity.
• C)increased the demand for M1 at each level of nominal GDP, thereby increasing velocity.
• D)decreased the demand for M1 at each level of nominal GDP, thereby decreasing velocity.

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Definitions:

Qualified Prospects

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New-business Salespeople

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The Approach Step

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