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Graph 1 below depicts the M1 monetary multiplier of the US economy from 1983 to 2009. 1. How can you explain the long-term upward trend

Graph 1 below depicts the M1 monetary multiplier of the US economy from 1983 to 2009. 1. How can you explain the long-term upward trend of the monetary multiplier from 1980 to 2005? 2. Which factors could explain the fall in multiplier in 2007-2009

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