Why did M1 grow so rapidly in the early 1990s, whereas M2 did not?
What will be an ideal response?
M1 grew rapidly because of demand for U.S. currency by people in Eastern Europe. M2 grew slowly because the economy was growing slowly. The difference in growth rates is possible because currency is a much larger fraction of M1 than it is of M2.
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A. needs assessment B. job rotation C. role-playing D. lecturing E. adverse impact
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What will be an ideal response?