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Business, 11.12.2019 06:31 avavackity

Now suppose instead that withdraws $400 from her checking account and uses $280 of this money to pay her federal income tax. after that, she uses $100 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 $400 withdrawal into her savings account. by what dollar amount does the country's money supply change as a result of jane's actions?

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Now suppose instead that withdraws $400 from her checking account and uses $280 of this money to pay...
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