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Business, 22.12.2019 22:31 Wolfiid

The money supply in macroland is currently 2,500, bank reserves are 200, currency held by public is 500, and banks' desired reserve/deposit ratio is 0.20. assuming the values of the currency held by the public and the desired reserve/deposit ratio do not change, if the central bank of macroland wishes to increase the money supply to 3,000, then it should conduct an open-market government bonds to/from the public.

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