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1) Explain three determinants of (nominal) money demand and downward sloping money demand curve. 2) Explain the mechanism of how open market operation determines Federal

1) Explain three determinants of (nominal) money demand and downward sloping money demand curve.

2) Explain the mechanism of how open market operation determines Federal fund rates, and eventually affect real world.

3) Explain other tools of monetary control.

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1 Three Determinants of Nominal Money Demand and Downward Sloping Money Demand Curve Income Level As income levels rise people generally hold more money for transactions leading to an increase in the ... blur-text-image

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