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Suppose,while Cleaning Out Its Closets,a Worker at the Federal Reserve

question 54

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Suppose,while cleaning out its closets,a worker at the Federal Reserve bank branch in Memphis discovers a painting of Elvis (medium: acrylic on velvet) that used to grace the walls of the conference room. Suppose further that,at a public auction,the bank sells the painting for $19.95. This sale will cause ________ in the monetary base,everything else held constant.


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