Both M1 and M2 are monetary values much larger than nominal GDP.

Name: Both M1 and M2 are monetary values much larger than nominal GDP.
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Quizplus · Accepted Answer

M1 and M2 are measures of money supply, while nominal GDP is a measure of the total value of goods and services produced in a country over a specific period. While the values of money supply can be larger than GDP in some instances, it is not necessarily true that they are always larger.

Both M1 and M2 Are Monetary Values Much Larger Than