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Short Question Which can be changed more quickly; monetary policy or fiscal policy?, briefly explain. Give the formula for the simple deposit multiplier.If the desired

Short Question

  1. Which can be changed more quickly; monetary policy or fiscal policy?, briefly explain.
  2. Give the formula for the simple deposit multiplier.If the desired reserve ratio is 20%, what is the maximum increase in chequing account deposits that will result from an increase in the bank reserves of $20,000?

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