During the Great Depression years from 1930 to 1933, both the currency ratio c and the excess
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During the Great Depression years from 1930 to 1933, both the currency ratio c and the excess reserves ratio e rose dramatically in the United States. What effect did these factors have on the money multiplier?
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Both of these factors worked to reduce the money multiplier This can be seen i...View the full answer
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Related Book For 
The Economics of Money Banking and Financial Markets
ISBN: 978-0321785701
5th Canadian edition
Authors: Frederic S. Mishkin, Apostolos Serletis
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