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Note: the spending and income multiplier was discussed in chapters 10 and 11 for our study of recessions and fiscal policy.

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Compare and contrast the multiplier from our “circular flow” of spending and income versus the money multiplier involved with our banking system.
Note: The spending and income multiplier was discussed in chapters 10 and 11 for our study of recessions and fiscal policy. The money multiplier was introduced in chapter 13 to explain money and our banking system.
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