Multiple Choice
If the money multiplier is 3.5, a $10 billion increase in the monetary base
A) increases the quantity of money by $35 billion.
B) increases the quantity of money by $2.86 billion.
C) increases the quantity of money by $3.5 billion.
D) increases the quantity of money by $10 billion.
Correct Answer:
Verified
Correct Answer:
Verified
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