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Consider an economy that destroys half of its paper currency (cash). This would result in [ Select ] in M1 and [ Select ] in

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Consider an economy that destroys half of its paper currency (cash). This would result in [ Select ] in M1 and [ Select ] in M2. Question 4 2 pts Now consider a new economy in which cultural trends result in people moving a lot of money from checking to savings accounts. (You can assume for this question all checking and savings accounts are "small, traditional" accounts, if that helps.) As a result of this change, we will see [ Select ] in the amount of M1 and [ Select ] in the amount of M2

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