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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781337091985
BuyFind

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781337091985

Solutions

Chapter
Section
Chapter 11, Problem 6CQQ
Textbook Problem

In a system of fractional-reserve banking, even without any action by the central bank, the money supply declines if households choose to hold ______ currency or if banks choose to hold ________ excess reserves.

a. more, more

b. more, less

c. less, more

d. less, less

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