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The economy has been growing rapidly and inflation is spiraling out of control. Which of the following two scenarios regarding money supply would best reflect
The economy has been growing rapidly and inflation is spiraling out of control. Which of the following two scenarios regarding money supply would best reflect Fed attempts to control spiraling inflation? a. Before Fed Action M1 - $3 trillion, After Fed Action M1 - $2.5 trillion b. Before Fed Action M1 - $3 trillion, After Fed Action M1 - $3.5 trillion c. Before Fed Action M1 - $22 trillion, After Fed Action M1 - $24 trillion d. Before Fed Action M1 - $322 trillion, After Fed Action M1 - $20 trillion
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