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What Are the Two Major Components of the M1 Money

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What are the two major components of the M1 money supply?


Definitions:

Total Utility

The total satisfaction received from consuming a particular amount of goods or services.

Beers

Alcoholic beverages made from yeast-fermented malt flavored with hops.

Day

A period of 24 hours from midnight to midnight, representing one rotation of the Earth on its axis.

Marginal Utility

The boost in satisfaction or usefulness experienced by someone when they consume another unit of a good or service.

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