If you were on an island with 10 other people and there was no money, do you think money would emerge on the scene? Why or why not? Can M1 fall as M2 rises? Can M1 rise without M2 rising too? Explain...

If you were on an island with 10 other people and

there was no money, do you think money would

emerge on the scene? Why or why not?

Can M1 fall as M2 rises? Can M1 rise without M2 rising too? Explain your answers.

Why isn’t a credit card money?