Which writer held the view that by showering so much money on the poor, the government robbed them of their incentive to work?

Which of the following is included in M1, but not in M2?

A) currency B) checking account deposits C) travelers checks D) Everything in M1 is in M2.

The circular flow diagram illustrates the flow of resources between households and government

a. True b. False Indicate whether the statement is true or false