1) The value of M1 money in late 2004 was 1.35 trillion dollars. M2 money was...

 

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1) The value of M1 money in late 2004 was 1.35 trillion dollars. M2 money was 6.35 trillion dollars. Use this data to prove or disprove the following statement: "The US economy is like a house of cards- it exists, but it's not very stable." 1) The value of M1 money in late 2004 was 1.35 trillion dollars. M2 money was 6.35 trillion dollars. Use this data to prove or disprove the following statement: "The US economy is like a house of cards- it exists, but it's not very stable."

Answer rating: 100% (QA)

The given data on the value of M1 and M2 money alone is not sufficient to make a judgment on the sta... View the full answer