Jim transfers money from his money market account to his savings account. This action
a. reduced M1 and increases M2.
b. increases M1 and reduces M2.
c. has no effect on M1 or M2.
d. increases M1 and M2.
c
Economics
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In the 1980s and most of the 1990s, the federal government
A) ran small deficits. B) ran small surpluses. C) ran large deficits. D) was balanced.
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Bank runs ____ bank reserves and ____ the money supply
a. decrease; decrease b. decrease; increase c. increase; increase d. increase; decrease
Economics