M1 is:
A)less than 25% of GDP.
B)equal to GDP.
C)about four times larger than GDP.
D)about one fourth the amount of GDP.

Name: M1 is: A)less than 25% of GDP. B)equal to GDP. C)about four times larger than GDP. D)about one fourth the amount of GDP.
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Question

Quizplus · Accepted Answer

M1, which includes the most liquid forms of money such as cash and checking deposits, is typically less than 25% of GDP in most economies.

M1 Is