Money multiplier
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Money multiplier is the total money in the economy divided by the original quantity of money, or change in the total money in the economy divided by a change in the original quantity of money.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Money multiplier. Total money in the economy divided by the original quantity of money, or change in the total money in the economy divided by a change in the original quantity of money.
