All other factors held constant, what would be the effect on the demand for money (M1) of
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1. An increase in real GDP
2. An increase in general price levels
3. A rise in the interest rate on savings accounts and Treasury securities.
4. A doubling of all prices, wages, and incomes.
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M1 is defined as all physical money coins and currency demand deposits checking accounts and Negotia...View the full answer
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