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Author Question: If the money multiplier is 3.5, a 10 billion increase in the monetary base A) increases the ... (Read 137 times)

clippers!

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on: Jun 29, 2018
If the money multiplier is 3.5, a 10 billion increase in the monetary base
 
  A) increases the quantity of money by 35 billion.
  B) increases the quantity of money by 2.86 billion.
  C) increases the quantity of money by 3.5 billion.
  D) increases the quantity of money by 10 billion.

Question 2

Real GDP per person is slowly converging around the world.
 
  Indicate whether the statement is true or false


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paavo

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

FALSE


clippers!

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

adf223

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Reply 3 on: Yesterday
Excellent

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