Which of the following is NOT included in M1 or M2?

A) credit card balances
B) checking account balances
C) currency in circulation outside of commercial banks
D) traveler's checks

A

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A decrease in both supply and demand will lead to a decrease in equilibrium quantitY

a. true b. false

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Favorable expectations about future sales will cause higher investment, ceteris paribus.

Answer the following statement true (T) or false (F)

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