For this exercise, your instructor may assign you to a group. Each group member should first write
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For this exercise, your instructor may assign you to a group. Each group member should first write down what he or she found surprising about both the definition of money and what the Federal Reserve includes in its measures of the money supply. Be sure to mention how money compares to income and wealth. After working individually, the group members should work together to write a one- or two-paragraph report on common misconceptions about what economists call money.
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