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(5) During the 1931/1-1933/3 period ot the Great Depression in the U.S. we observed a declining money supply (M2) while the monetary base was growing,

(5) During the 1931/1-1933/3 period ot the Great Depression in the U.S. we observed a declining money supply (M2) while the monetary base was growing, . Please provide your reasoning for the

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