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Business, 16.03.2020 21:11 nvc1127

The initial money supply is $1,000, of which $500 is currency held by the public. The desired reserve-deposit ratio is 0.2. Calculate the increase in the money supply associated with increases in bank reserves of $1, $5, and $10. What is the money multiplier in this economy

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The initial money supply is $1,000, of which $500 is currency held by the public. The desired reserv...

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