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Suppose the Federal Reserve increases the amount of reserves by $100 million and the total moncy supply increases by $300 million. Instructions: Enter your answers

Suppose the Federal Reserve increases the amount of reserves by $100 million and the total moncy supply increases by $300 million. Instructions: Enter your answers as a whole number. a. What is the money multiplier? b. Using the money multiplief from part a, how much will the money supply change if the Federal Reserve increases reserves by $30 million? 5 milion

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