2. Chloe takes $100 of currency from her wallet and deposits it into her chequing account. If...

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2. Chloe takes $100 of currency from her wallet and deposits it into her chequing account. If the bank adds the entire $100 to reserves, the money supply_____, but if the bank lends out some of the $100, the money supply_____.

a. increases, increases even more

b. increases, increases by less

c. is unchanged, increases

d. decreases, decreases by less

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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Question Posted: Sep 28, 2024 07:03 AM

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2. Chloe takes $100 of currency from her wallet and deposits it into her chequing account. If...

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Principles Of Macroeconomics

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