Business, 07.03.2020 01:49 weirdojuwin
From the end of 2007 to the end of 2008, M1 increased from $1,434 billion to $1,638 billion Instructions: Round your response to one decimal place.
a. By what percentage did M1 increase?
b. If the Fed had used a fixed rule of 3 percent growth of the money supply, how large would M1 have been in 2008? billion
Answers: 2
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From the end of 2007 to the end of 2008, M1 increased from $1,434 billion to $1,638 billion Instruct...
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