The chapter talks about the role that depositors and banks play in the creation of money. a.
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The chapter talks about the role that depositors and banks play in the "creation" of money.
a. Do you think this role is consistent with the view that the money supply is only determined exogenously by the central bank?
b. How could depositors and banks endogenously determine the money supply? (Post-Keynesian)
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a PostKeynesians believe that the money supply is much more endogenou...View the full answer
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