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[Essentials Of Economics]Chapter21 the monetary system
武俊敏 发表于 2008-02-20 10:56:37
18,19章略。The economy is more liquid in the sense that there is more of the medium of exchange,but the economy is no wealthier than before.The higher the reserve ratio,the less of each deposit banks loan out,and the smaller the money multiplier.FED面临的问题
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