assume the economy is at short-run equilibrium
Assume the economy is at short-run equilibrium and is in a slump. Ceteris paribus, what would you expect to happen to the money supply over time? Discuss in detail the money creation process in a fractional-reserve banking system.
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assume the economy is at short-run equilibrium and is in a slump ceteris paribus what would you expect to happen to the money supply over time
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