The process of creating a money supply, the ________, can be generalized to the monetary aggregates beyond M₁.

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The process of creating a money supply is known as the money multiplier, which involves banks using excess reserves to lend out and create more money in the economy. This process can be generalized to create broader measures of the money supply beyond M₁, such as M₂ and M₃.

The Process of Creating a Money Supply, the ________, Can