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Business, 14.12.2019 03:31 mkay78

Now suppose instead that jane withdraws $550 from her checking account and uses $330 of this money to pay her federal income tax. after that, she uses $140 to buy a set of used golf clubs from her neighbor who deposits it into his checking account. finally, she deposits the remaining cash from the $550 withdrawal into her savings account. by what dollar amount does the country's money supply change as a result of jane's actions?

a. change in m1: $. change in m2: $

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