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Why were savings accounts added to M1 to make them part of the standard measure of the money supply? Group of answer choices Advances in
Why were savings accounts added to M1 to make them part of the standard measure of the money supply? Group of answer choices Advances in financial technology made it easier/faster to spend what is in savings accounts. The Great Recession of 2010 showed that it was proper to think of savings accounts as being money. People always desire more money, so doing this meant that everyone could have more money. Trick question - savings accounts were not added to M1
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