Calculate the value of the money multiplier

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Go to the St. Louis Federal Reserve FRED database and find data on the M1 Money Stock (M1SL) and the Monetary Base (AMBSL).

-Calculate the value of the money multiplier using the most recent data available and the data from five years prior.

-Based on your answer to part (a), how much would a $100 million open market purchase of securities affect the M1 money supply today and five years ago?

Reference no: EM133065620

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