Which of the following functions express the money multiplier (m) for the narrowly defined money stock (M1) ?
A) m = ΔMs/Δ(MB) = m(rrd)
B) m = ΔMs/Δ(MB) = m(rrd,CU/D,ER/D)
C) m = ΔMs/Δ(MB) = m(rrd + CU/D)
D) m = ΔMs/Δ(MB) = m(rr/D,CU/D,RR/D)
Correct Answer:
Verified
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