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Pretend you are in charge of conducting monetary policy at the New York Fed and you have the following initial conditions. Initial Conditions rr/D...

This question was created from Exam 2 Econ 104 Penn https://www.coursehero.com/file/17514300/Exam-2-Econ-104-Penn/

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ER=0 M=C+D Given the above info i) Calculate MB ii) Calculate money multiplier (mm) iii) What is money supply (MS=mm x MB)

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