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1. Explain what causes delay in the implementation of countercyclical macroeconomic policies. Give examples 2. Who is responsible for determining monetary policy and What is

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1. Explain what causes delay in the implementation of countercyclical macroeconomic policies. Give examples 2. Who is responsible for determining monetary policy and What is the main goal of monetary policy? 3. Kenyesian vs. Monetarist views on monetary policy transmission mechanism 4. Explain how CBS uses 0M0 as monetary policy tool to inuence interest and how does it affects price/output/employment level

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