Multiple Choice
Which of the following has proved to be spectacularly false, at least recently?
A) As an expansion proceeds, people will hold no more cash.
B) As an expansion proceeds, banks will hold no more excess reserves.
C) The oversimplified money multiplier formula is predicated on two critical assumptions.
D) All of the above are false.
Correct Answer:
Verified
Correct Answer:
Verified
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