From June 2008 to June 2009, M1 increased from $1,400 billion to $1,656 billion. 1. By what

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From June 2008 to June 2009, M1 increased from $1,400 billion to $1,656 billion.
1. By what percentage did M1 increase?
2. If the Fed had used a fixed rule of 3 percent growth of M1, how large would M1 have been in 2009?

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Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

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Question Posted: Aug 30, 2017 11:55 PM

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From June 2008 to June 2009, M1 increased from $1,400 billion to $1,656 billion. 1. By what

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1 183 2 1442 billion Explanation 1 You can find the ...View the full answer

Essentials of Economics

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