What are the short and long run effects of the federal, Business Economics

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What are the short and long run effects of the federal

A) What are the short and long run effects of the Federal Reserve steadily increasing the money supply? How do we know when it is time to stop increasing the money supply and switch to another alternative?

B) What are the short and long run effects of the Federal Reserve steadily decreasing the money supply? How do we know when it is time to stop decreasing the money supply and switch to another alternative?

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