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From June 2008 to June 2009, M1 increased from $1400 billion to $1656 billion. What percent did M1 change? if the fed had used the

From June 2008 to June 2009, M1 increased from $1400 billion to $1656 billion.

What percent did M1 change?

if the fed had used the fixed rule of 3% growth in money supply, how large would M1 have been in 2009?

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