Which of the following is not counted in M1?
A) checking account balances
B) credit card balances
C) coins in circulation
D) currency in circulation
E) traveler's check balances
Answer: B
Economics
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Crowding out refers to the fall in
a. investment spending caused by higher taxes b. consumption spending caused by higher taxes c. consumption spending caused by higher levels of government spending d. government spending to do a balanced budget amendment e. private investment caused by an increase in government spending
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Total utility decreases when diminishing marginal utility is present
a. True b. False Indicate whether the statement is true or false
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