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The monetary base increased by 20% during the contraction of 1929-1933, but the money supply fell by 25%. Why did this occur? How can they
The monetary base increased by 20% during the contraction of 1929-1933, but the money supply fell by 25%. Why did this occur? How can they money supply fall when the base increases?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
