Multiple Choice
If the money multiplier is 3.0,a $1,000 increase in the monetary base
A) increases quantity of money by $3,000.
B) decreases quantity of money by $3,000.
C) increases the monetary base by $300.
D) increases the money multiplier by 3 percent.
E) decreases the quantity of money by 3 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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