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Which of the following describes the behavior of M1 in recent decades?
A) It soared during the recessions of 1990-91, 2001, and 2007-2009.
B) It tended to grow more rapidly than M2.
C) It was more stable than M2.
D) It has not declined since the 1970s.
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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