Limited access

Upgrade to access all content for this subject

In quarter 3 of 2008 the monetary base in the United States was \$893 billion and the M1 money supply was \$1.43 trillion.

By quarter 1 of 2010, the monetary base was \$2.09 trillion and the M1 money supply was \$1.70 trillion.

What happened to the money multiplier?

A

It fell to negative

B

It fell to less than one

C

It fell but is above one

D

It rose

Select an assignment template