MACRO LABOctober 1, 2020
Use INJURY.DTA for this question. Estimate a linear probability model with hosp as the dependent variable (=1 if injury required a hospital stay).October 1, 2020
Suppose that in 2014, currency in circulation was $950 billion, required reserves were $60 billion, and excess reserves were $840 billion. At that time, the Federal reserve extended $70 billion in discount window loans to the banking system. The monetary base was billion.
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