Suppose the central bank unexpectedly announces that it has
Suppose the central bank unexpectedly announces that it has permanently reduced the rate of annual money growth from 10 percent to 6 percent. Explain the short-run and long-run consequences for interest rates and inflation.
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consider an economy that is initially in recession use the adapted is-lm model one which takes into account
suppose the central bank unexpectedly announces that it has permanently reduced the rate of annual money growth from 10
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