1.12. How can the procyclical movement of interest rates (rising during business cycle expansions and falling during...
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1.12. How can the procyclical movement of interest rates (rising during business cycle expansions and falling during business cycle contractions) lead to a procyclical movement in the money supply as a result of Fed dis- counting? Why might this movement of the money supply be undesirable?
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Related Book For 
The Economics Of Money Banking And Financial Markets
ISBN: 9780321598905
9th Edition
Authors: Frederic S. Mishkin
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