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johnpaul92 johnpaul92
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8 years ago
Suppose the following statistics are available for the economy:
   CU = $60 billion
   RES = $100 billion
   DEP = $1000 billion

(a)   Calculate the size of the monetary base, the money supply, the reserve-deposit ratio, the currency-deposit ratio, and the money multiplier.
(b)   Suppose the currency-deposit ratio rises to .10, while the reserve-deposit ratio and monetary base remain unchanged. Calculate the money multiplier, the money supply, and the new values of CU, RES, and DEP.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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johnpaul92 Author
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#2
8 years ago
Wow, you answered what I thought was impossible to answer, thank you!
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