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Home Q & A Board Other Fields Homework Help Business Economics
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Munze Munze
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6 years ago
For this question, assume that individuals do NOT hold currency (i.e., c = 0). The money multiplier is equal to
A) 1/(1-c).
B) 1/[c + θ(1-c)].
C) [c + θ(1-c)].
D) 1/θ.
E) none of the above
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
Authors:
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Macroeconomics, 6/E (Blanchard, Johnson)
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vonCOLLINZOvonCOLLINZO
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Munze Author
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#2
5 years ago
Excellent answer!
Macroeconomics, 6/E (Blanchard, Johnson)
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