Refer to the information provided in Table 23.2 below to answer the question(s) that follow.
 Table 23.2Refer to Table 23.2. Assuming society's MPC is constant, at an aggregate income of $1,200 aggregate saving would be

Anything that has alternative uses has an opportunity cost and is, therefore, scarce.

a. true b. false

Which one of the following is part of the M2 definition of the money supply, but not part of M1?

A. Small time deposits such as certificates of deposit. B. Travelers’ checks. C. Currency held in banks. D. Currency in circulation.