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1.What are the main instruments of monetary policy? 2. Explain the effect of open-market operations on the economy. 3. Outline the limits of monetary policy
1.What are the main instruments of monetary policy?
2. Explain the effect of open-market operations on the economy.
3. Outline the limits of monetary policy effectiveness.
4. Explain the implications of adopting either a gradualist or a cold-turkey strategy for controlling inflation.
5. Explain the concept of the political business cycle.
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