If you take $200 out of your savings account and keep it in your wallet, the immediate result of this transaction is that M1: A) Stays the same. B) Increases by more than $200. C) Increases by $200. D) Increases by less than $200.
If you take $200 out of your savings account and keep it in your wallet, the immediate result of this transaction is that M1: A) Stays the same. B) Increases by more than $200. C) Increases by $200. D) Increases by less than $200.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![If you take $200 out of your savings account and keep it in your wallet, the immediate
result of this transaction is that M1:
A) Stays the same.
B) Increases by more than $200.
C) Increases by $200.
D) Increases by less than $200.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F27f90f67-d265-407f-8cd5-55eb7b30281c%2F6089a963-1535-4e42-a0a2-0ae61aa1b8d1%2Fat22i5n.png&w=3840&q=75)
Transcribed Image Text:If you take $200 out of your savings account and keep it in your wallet, the immediate
result of this transaction is that M1:
A) Stays the same.
B) Increases by more than $200.
C) Increases by $200.
D) Increases by less than $200.
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