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1.Illustrate and explain with appropriate diagrams why having a goal of a fixed $C would complicate the implementation of an expansionary monetary policy. 2.Illustrate and
1.Illustrate and explain with appropriate diagrams why having a goal of a fixed $C would complicate the implementation of an expansionary monetary policy.
2.Illustrate and explain with the aid of appropriate diagrams the difference between the monetary adjustment mechanism and monetary validation when a positive GDP GAP exists.
3.Illustrate and explain with appropriate diagrams why multiplier when the price level changes is different from the simple multiplier.
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