Money in a personal savings account

Paper money

Traveler's checks

A check that has been written but not yet deposited

All of these are a part of M1.

Money in a personal savings account

Paper money

Traveler's checks

A check that has been written but not yet deposited

All of these are a part of M1.

Money in a personal savings account

Paper money

Traveler's checks

A check that has been written but not yet deposited

All of these are a part of M1.

Selling Government Bonds

Decreasing Taxes

Increasing Government Spending

Raising Bank Reserve Requirements

None of these would be considered Open Market Activities

Selling Government Bonds

Decreasing Taxes

Increasing Government Spending

Raising Bank Reserve Requirements

None of these would be considered Open Market Activities

Selling Government Bonds

Decreasing Taxes

Increasing Government Spending

Raising Bank Reserve Requirements

None of these would be considered Open Market Activities

Buy bonds via open market operations.

Cut taxes in order to increase aggregate demand.

Increase government spending in order to increase aggregate demand.

Decrease the reserve requirement for banks.

Increase the discount rate.

Buy bonds via open market operations.

Cut taxes in order to increase aggregate demand.

Increase government spending in order to increase aggregate demand.

Decrease the reserve requirement for banks.

Increase the discount rate.

Buy bonds via open market operations.

Cut taxes in order to increase aggregate demand.

Increase government spending in order to increase aggregate demand.

Decrease the reserve requirement for banks.

Increase the discount rate.

A decrease in the real interest rate

An increase in the real interest rate

No effect on the real interest rate

A decrease in the quantity of money available