Go to the St. Louis Federal Reserve FRED database, and find data on the M1 Money Stock
Question:
a. Calculate the value of the money multiplier using the most recent data available and the data from five years prior.
b. Based on your answer to part (a), how much would a $100 million open market purchase of securities affect the M1 money supply today and five years ago?
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Step by Step Answer:
a The money multiplier for June 2013 is 2522332223 078 for June 2008 the multiplie...View the full answer
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Related Book For 
The Economics of Money Banking and Financial Markets
ISBN: 978-0133836790
11th edition
Authors: Frederic S. Mishkin
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