=+ d. How will a permanent (once-and-for-all) increase in the level of interest rates affect the level

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d. How will a permanent (once-and-for-all)

increase in the level of interest rates affect the level of velocity? How will it affect the subsequent growth rate of velocity?

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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