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Check my work Suppose the Federal Reserve increases the amount of reserves by $150 million and the total money supply increases by $450 million. Instructions:

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Check my work Suppose the Federal Reserve increases the amount of reserves by $150 million and the total money supply increases by $450 million. Instructions: Enter your answers as a whole number. a. What is the money multiplier? b. Using the money multiplier from part a, how much will the money supply change if the Federal Reserve increases reserves by $60 million? $ million

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