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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 19
If the reserve ratio is ¼ and the central bank increases the quantity of reserves in the banking system by $120, the money supply increases by
A) $90.
B) $150.
C) $160.
D) $480.
A) $90.
B) $150.
C) $160.
D) $480.
Explanation
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The amount of money supply should be inc...
Essentials of Economics 7th Edition by Gregory Mankiw
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