The Components of the M1+ Monetary Aggregate Are Chequable Deposits

question 12

Multiple Choice

The components of the M1+ monetary aggregate are chequable deposits plus ________.

• A) currency
• B) currency plus savings deposits
• C) currency outside banks
• D) currency plus money market deposits

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Definitions:

Inflationary Spiral

A situation where prices increase continually as demand outstrips supply, often leading to rapidly increasing inflation.

Macropolicy

Strategies and interventions by the government to regulate and control the economy as a whole, affecting macroeconomic variables such as inflation, unemployment, and national income.

Great Recession

The Great Recession refers to the global economic downturn that occurred from 2007 to 2009, marked by significant financial crises, high unemployment, and contraction in the world economy.

Goods

Tangible products that fulfill the needs or desires of consumers.