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Exhibit: Money in the Economy

-(Exhibit: Money in the Economy) In Year 1, the supply of money measured by M1 was
A) $150 billion.
B) $300 billion.
C) $450 billion.
D) $950 billion.

Question

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Exhibit: Money in the Economy
 
-(Exhibit: Money in the Economy) In Year 1, the supply of money measured by M1 was
A) $150 billion. 
B) $300 billion. 
C) $450 billion. 
D) $950 billion.

Quizplus · Accepted Answer

Based on the exhibit, the supply of money measured by M1 in Year 1 is located at the intersection of the M1 line and Year 1 line, which is at the point $300 billion. Therefore, the correct answer is B.

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