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Assume that the Paris First National Bank's loan position contracted from $16 million to $12 million. If the required reserve ratio was increased from 20 percent to 40 percent, how much would the money supply shrink?
First Impressions
The initial thoughts, feelings, or perceptions one forms about someone or something upon first encountering them.
Actor/Observer Bias
The tendency to attribute one's own actions to external causes while attributing others' actions to their personal characteristics.
Lack of Preparation
The state of being unready or insufficiently ready for a specific task or event due to inadequate planning or forethought.
Noise from the Crowd
describes the sound produced by a group of people, often loud or overwhelming, typically heard in public events or gatherings.
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