Question: Using the data from Table 8.7, confirm that the relationship between the money supply and its determinants is consistent with Equation 8.2. Would the money

Using the data from Table 8.7, confirm that the relationship between the money supply and its determinants is consistent with Equation 8.2. Would the money supply have fallen in 1931–1933 if the public had stopped withdrawing deposits after December 1930 so that currency held by the public had remained at its December 1930 level?

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