Question: As credit card balances increase, what will be the consequence for M1 and M2? M1 will increase and M2 will decrease. M1 will decrease and

As credit card balances increase, what will be the consequence for M1 and M2?

  • M1 will increase and M2 will decrease.

  • M1 will decrease and M2 will increase.

  • M1 and M2 will both decrease.

  • There will be no effect on M1 or M2.

  • M1 and M2 will both increase.

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