Money and the Money Market Using the money market graph, show the effects of an increase in
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- Money and the Money Market
- Using the money market graph, show the effects of an increase in the price level. Please describe the changes beside your graph. (5 marks)
- 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.
- Calculate the values for M1. (2.5 marks)
- Calculate the value for M2. (2.5 marks)
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