Suppose that the public switches from doing most of its shopping with currency to using checks instead.

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Suppose that the public switches from doing most of its shopping with currency to using checks instead.

If the Fed takes no action, what will happen to the national money supply? Explain. ( LO1 , L05)

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Principles Of Macroeconomics

ISBN: 9780415568685

2nd Brief Edition

Authors: Robert Frank, Ben Bernanke

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