Interest rates can be measured more accurately and more quickly than the money supply. Hence an interest

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Interest rates can be measured more accurately and more quickly than the money supply. Hence an interest rate is preferred over the money supply as an intermediate target. Do you agree or disagree? Explain your answer.

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:27 AM

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Interest rates can be measured more accurately and more quickly than the money supply. Hence an interest

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Disagree Although nominal interest rates are measured more accurately and more quickly than the mo...View the full answer

Economics of Money, Banking and Financial Markets

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