"Absolute real economic growth" is defined as an increase in __________ from one period to the next

Which of the following is NOT included in the M1 money supply?

A) currency B) passbook savings accounts C) traveler's checks D) checkable and debitable accounts

If the Fed acts to increase the money supply,

A) it will sell bonds, drive bond prices up, and drive interest rates down. B) it will buy bonds, drive bond prices down, and drive interest rates down. C) it will sell bonds, drive bond prices up, and drive interest rates up. D) it will buy bonds, drive bond prices up, and drive interest rates down.