When Sam Snerd decides to reduce his savings account by $20,000 to purchase a new car with cash, he is using money that is included in our definition of M1, M2 and M3

The labor force is defined as the number of

A) people who are working. B) union members who are working. C) people who are working in labor-type jobs. D) employed plus the number of unemployed.

What will happen to the sizes of the M1 money supply and the M2 money supply if the following transactions take place?

a. Tasha withdraws $3,000 from her checking account and holds it as currency. b. Arturo withdraws $3,000 from his savings account and deposits it in his checking account. c. Benjamin withdraws 3,000 from his savings account and puts it in a certificate of deposit (CD). d. Marisol withdraws $3,000 from her home safe and deposits it in her savings account.