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32. Fred Jones withdraws $1,000 in cash from his savings account. What immediate effect does this transaction have on the monetary aggregate measures of M1

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32. Fred Jones withdraws $1,000 in cash from his savings account. What immediate effect does this transaction have on the monetary aggregate measures of M1 and M2 ? Ml (A) Increases (B) Increases (C) Decreases (D) No change (E) No change M2 Decreases No change No change Decreases No change

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