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The table below provides data for a hypothetical economy. Total value of corporate shares $500 billion Currency outside chartered banks $47 billion Chequable notice deposits at chartered banks $107 billion Publicly held demand deposits at chartered banks $50 billion Federal government bonds $642 billion Other liquid assets included in M2+ $37 billion Nonpersonal term and foreign-currency deposits at chartered banks $273 billion Personal term deposits at chartered banks $139 billion Non-chequable notice deposits at chartered banks $99 billion Chequable notice deposits at near banks $94 billion Personal term deposits at near banks $119 billion Non-chequable notice deposits at near banks $79 billion Based on this data: a. M1+ is S 298 billion b. M2 is s billion. C. M3 is S billion. d. M2+ is $ billion. Assume that Canadian government taxes away $0.40 of each dollar of new income, that 15% of the remaining $0.60 of disposable income is spent on imports, and that 7% of disposable income is saved. Enter your responses below rounded to 2 decimal places. a. The marginal propensity to withdraw is b. From each new dollar of income : | is spent on domestic consumption items. c. The value of the Canadian spending multiplier is The table below provides data for a hypothetical economy. Total value of corporate shares $500 billion Currency outside chartered banks $47 billion Chequable notice deposits at chartered banks $107 billion Publicly held demand deposits at chartered banks $50 billion Federal government bonds $642 billion Other liquid assets included in M2+ $37 billion Nonpersonal term and foreign-currency deposits at chartered banks $273 billion Personal term deposits at chartered banks $139 billion Non-chequable notice deposits at chartered banks $99 billion Chequable notice deposits at near banks $94 billion Personal term deposits at near banks $119 billion Non-chequable notice deposits at near banks $79 billion Based on this data: a. M1+ is S 298 billion b. M2 is s billion. C. M3 is S billion. d. M2+ is $ billion. Assume that Canadian government taxes away $0.40 of each dollar of new income, that 15% of the remaining $0.60 of disposable income is spent on imports, and that 7% of disposable income is saved. Enter your responses below rounded to 2 decimal places. a. The marginal propensity to withdraw is b. From each new dollar of income : | is spent on domestic consumption items. c. The value of the Canadian spending multiplier is

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Answer We use two versions of the model to define two hypothetical economies one where inflation res... View the full answer