1. Explain the elements that would be involved in a contractionary, tight, monetary policy. 2. Use a...

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1. Explain the elements that would be involved in a contractionary, "tight", monetary policy. 

2. Use a fully labelled diagram to illustrate the effects of a contractionary/tight monetary policy. 

3 . Explain the "trade-off" that exists in the diagram.

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Economics Course Book 2020

ISBN: 9781382004961

2020 Edition

Authors: Jocelyn Blink, Ian Dorton

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