In the context of the money supply-and-demand diagram, explain the effects of financial innovations like e-commerce and

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In the context of the money supply-and-demand diagram, explain the effects of financial innovations like e-commerce and the increased prevalence of credit card readers in stores. Are the effects possibly related to the fact that central banks in most countries express monetary policy in terms of a target for the nominal interest rate?
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Macroeconomics

ISBN: 978-0393923902

3rd edition

Authors: Charles I. Jones

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