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What Is the Difference Between the M2 and M2+ Definitions

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Essay

What is the difference between the M2 and M2+ definitions of the money supply?


Definitions:

Ecotourism

Responsible travel to natural areas that conserves the environment and improves the well-being of local people.

Recreation

Activities or experiences carried out for enjoyment, leisure, or relaxation in free time.

Leisure

Refers to free time not taken up by work, chores, or obligations, typically used for rest, recreation, or personal interests.

Commodification

The process of turning something into a commodity that can be bought, sold, or traded in the market.

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