(Solution)-Money and income are

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24. Money and income area) mirror images of each other b) two quite different conceptsc) both measured as a per annum flow d) two ways of looking at the same thing25. You move some of your savings account balance into your checking account.a) M2 falls and M1 rises b) M1 falls and M2 risesc) M1 and M2 are unchanged d) M1 rises and M2 remains unchanged26. The quantity of money demanded variesa) directly with both prices and output b) inversely with both prices and outputc) directly with prices and inversely with outputd) inversely with prices and directly with output

 

Solution ID:10086539 | Question answered on 16-Oct-2016

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