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Consider Figure 14.9 below, which shows bank excess reserves and the M1 multiplier. What information does this data show about the aftermath of the financial crisis?Figure 14.9: Excess Reserves and M1 Multiplier: 2006-2015 Consider Figure 14.9 below, which shows bank excess reserves and the M1 multiplier. What information does this data show about the aftermath of the financial crisis?Figure 14.9: Excess Reserves and M1 Multiplier: 2006-2015

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The data shows that banks are still sitt...

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