The M-3 Includes M-1 Money, but Not M-2 Money

question 65

True/False

The M-3 includes M-1 money, but not M-2 money.

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Definitions:

Cloward And Ohlin

Sociologists who proposed a theory explaining delinquency through differential access to illegitimate means, emphasizing the role of subcultural opportunities.

Norm

An understood rule for accepted and expected behavior in a specific social or cultural group, prescribing what is considered typical or appropriate.

Informal Social Control

The unwritten and unofficial mechanisms through which society and its institutional structures maintain societal order.

Classical Criminology

A school of thought in the field of criminology that views behavior as stemming from free will, demands accountability and responsibility, and stresses the importance of deterrence.