M1 Is Considered ___________ Measure of Money Compared to M2

question 54

Multiple Choice

M1 is considered ___________ measure of money compared to M2.

• A)a more legitimate
• B)a less legitimate
• C)just as legitimate a
• D)Neither of these is a particularly good measure of money.

---

Definitions:

Monopolist

An individual or entity that holds a dominant position or exclusive control over a market or supply of a particular commodity or service.

Market Size

The total volume of sales or potential sales of a product or service within a particular market.

Tying Arrangement

A seller’s act of conditioning the sale of a product or service on the buyer’s agreement to purchase another product or service from the seller.

Legality

Conformity with the law or legal statutes, often used to refer to the status of actions, agreements, or policies.