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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 15
Suppose that last year $30 billion in new loans were extended by banks while $50 billion in old loans were paid off by borrowers. What happened to the money supply?
A) Increased.
B) Decreased.
C) Stayed the same.
A) Increased.
B) Decreased.
C) Stayed the same.
Explanation
Verified
Verified
Hence, the correct answer is b. Decrease...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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