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When the Money Supply Increases by $5 Billion, Tax Revenues

Question 107

Multiple Choice

When the money supply increases by $5 billion, tax revenues are $10 billion, and government borrowing is $30 billion, government spending must equal:

A) $10 billion.
B) $15 billion.
C) $20 billion.
D) $35 billion.
E) $45 billion.

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