The close relationship between M2 and nominal GDP in the 1960s and 1970s vanished from the 1980s through 2015. Which of the following contributed to this breakdown? . deregulation of the banking industry . introduction of new financial products (not included in M2) which allowed people to transfer funds into their checking accounts as and when needed . monetary policy lags Oil and Il only O'll only O ll and Ill only O I, II, and ill