Explain how the money-creation multiplier is similar to the income-determination multiplier of Chapter 3.

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:21 AM

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Explain how the money-creation multiplier is similar to the income-determination multiplier of Chapter 3.

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In both cases the limit to the expansion of money or in...View the full answer

Macroeconomics

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