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Loraine Loraine
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9 years ago
When the Fed conducts an open market purchase, the first round changes in the money creation process are that excess reserves ________, bank deposits ________, and the quantity of money ________.
A) decrease; decrease; decreases
B) increase; do not change; increases
C) decrease; increase; does not change
D) do not change; increase; increases
E) increase; increase; increases
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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9 years ago
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Loraine Author
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9 years ago
Thanks for your help!!
dedricgard
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Yesterday
Helped a lot
jamiebonf99
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2 hours ago
this is exactly what I needed
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