2. In a system of fractional-reserve banking, bank lending increases the a. monetary base. b. money supply.

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2. In a system of fractional-reserve banking, bank lending increases the

a. monetary base.

b. money supply.

c. amount of excess reserves.

d. economy’s net worth.

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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