Go to the web site of the Federal Reserve Bank of St. Louis (FRED) (fred.stlouisfed.org) and find
Question:
Go to the web site of the Federal Reserve Bank of St. Louis (FRED) (fred.stlouisfed.org) and find the most recent values for the for the M1 Money Stock (M1SL) and the St. Louis Adjusted Monetary Base (AMBSL).
a. Using these data, calculate the value of the money multiplier.
b. Assuming that the multiplier is equal to the value computed in part (a), if the monetary base increases by $400 million, by how much will the money supply increase?
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Step by Step Answer:
a In October 2016 the M1 Money Stock was 33406 billion and the St ...View the full answer
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Related Book For 
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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