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The money multiplier is greater than 1 because most banks keep more than 100% of any increase in bank deposits as reserves.
Q35: Which is TRUE of the structure of
Q82: In 2003-2004,the Fed kept the Federal Funds
Q91: If businesses react to a pessimistic outlook
Q119: While people are making necessary but costly
Q143: In the 1940s,the U.S.debt-to-GDP ratio was higher
Q164: If initially, <span class="ql-formula" data-value="\vec
Q168: In the AD-AS model,an increase in money
Q175: Decreasing money growth following a negative real
Q186: Intertemporal substitution:<br>A) dampens economic shocks.<br>B) magnifies economic
Q212: According to Milton Friedman,if the economy's long-run