Naomi buys $1,000 worth of American Express travelers checks and charges the purchase to her American Express

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Naomi buys $1,000 worth of American Express travelers’ checks and charges the purchase to her American Express card. What is the immediate change in M1 and M2?

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 21, 2018 07:05 AM

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Naomi buys $1,000 worth of American Express travelers checks and charges the purchase to her American Express

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Foundations of Macroeconomics

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