Suppose youre studying abroad for a year and your parents have sent a lump sum payment of

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Suppose you’re studying abroad for a year and your parents have sent a lump sum payment of $12,000 to your savings account in your new country of residence. They want you to transfer equal sums each month to your new checking account, which you have just started. How will these transactions affect M1 and M2 in your new country of residence? How will these be affected at the end of your stay abroad?

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Principles Of Macroeconomics

ISBN: 9781292303826

13th Global Edition

Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster

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