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Title: A $1 increase in high-powered money raises the quantity of deposits until
Post by: ★ѕραndavir on Jul 27, 2017
A $1 increase in high-powered money raises the quantity of deposits until
A) all of that increase in high-powered money is held as required reserves.
B) required reserves fall back down to zero.
C) required reserves rise back up to zero.
D) deposits rise by $1.
E) GDP rises by $1 times the income-determination multiplier.


Title: Re: A $1 increase in high-powered money raises the quantity of deposits until
Post by: supersuineg on Jul 27, 2017
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Title: Re: A $1 increase in high-powered money raises the quantity of deposits until
Post by: ★ѕραndavir on Jul 27, 2018
A good answer to a tough question