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QUESTION
Initial Conditions rr/D = .10 C = 400 billion D = 800 billion ER = 0 M = C + D Given the above information (show all work on your exam sheet): i)...
Initial Conditions
rr/D = .10
C = 400 billion
D = 800 billion
ER = 0
M = C + DÂ
Given the above information (show all work on your exam sheet):
i) Calculate the MB.
ii) Calculate the money multiplier (mm).
iii) What is the money supply (use MS = mm x MB)?
