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Question 2 Assume that the currency drain ratio is 0.3 and that the desired reserves ratio is 0.15. Calculate the moneyr multiplier. Show your work.

Question 2 Assume that the currency drain ratio is 0.3 and that the desired reserves ratio is 0.15. Calculate the moneyr multiplier. Show your work. If the Fed makes a $1,500,000 open market purchase, what will be the change in quantity of money is the economy? Show your work

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