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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 9
Initially M1 is 1,000 and M2 is 4,000. Find the size of M1 and M2 if demand deposits rise by 100.
Explanation
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M1 is the sum of currency, demand deposi...
Macroeconomics 11th Edition by Stephen Slavin
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