If Households in the Economy Decide to Take Money Out

question 22

Multiple Choice

If households in the economy decide to take money out of checking account deposits and hold it as currency,this will initially

• A)not change M1 and increase M2.
• B)decrease M1 and decrease M2.
• C)decrease M1 and not change M2.
• D)not change M1 and not change M2.

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