The 'conditional-projections' for the growth of the monetary aggregate, M3, were conditional because:
A) they were conditional on government policies.
B) they depended on local industrial conditions.
C) they depended on the world or domestic economic conditions.
D) they depended on the climate change.

Question

Quizplus · Accepted Answer

Conditional projections for the growth of the monetary aggregate, M3, were conditional on the world or domestic economic conditions as these factors impact the overall money supply in the economy. The growth of M3 is affected by various macroeconomic factors like inflation, interest rates, government policies, and global economic conditions. However, climate change and local industrial conditions are not significant factors in determining the monetary growth projections.

The 'Conditional-Projections' for the Growth of the Monetary Aggregate, M3