No multiplying toward prosperity on Guam

The next time you are waiting in line to pay cash at a convenience store think "multiplier effect."" The change you receive is likely the very same bills used by the person in front of you. Their payment is your change and a bit of the store's profit. The multiplier effect is how money in circulation makes more money. How much? The typical small economy can expect $1 to become $1.50 by the simple action of buying and selling. Saving taxing and spending outside of an economy tends to dampen the money multiplier effect. All of this is . . .

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