1. Money and the Money Market
   1. Using the money market graph, show the effects of an increase in the price level. Please describe the changes beside your graph. (5 marks)
   2. In an economy for the month of June 2019, individuals and businesses held $35 billion in currency, there was $246 billion in personal chequable deposits and $325 billion in non-personal chequable deposits; non-chequable personal deposits were $164 billion and non-chequable business deposits were $39 billion, and term deposits totaled $314 billion.

1. Calculate the values for M1. (2.5 marks)
2. Calculate the value for M2. (2.5 marks)

Answer rating: 100% (QA)

Money Market and Price Level Increase Money Market Graph The yaxis represents the interest rate r an... View the full answer