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24.) Suppose that in response to the large downturns in output growth since March 2020, the US increases its money supply growth more than the
24.) Suppose that in response to the large downturns in output growth since March 2020, the US increases its money supply growth more than the EU increases its money supply growth over the next year. Holding other variables the same, what is the expected impact on the inflation rate in the U.S. and the expected rate of depreciation (or appreciation) in the U.S. $ relative to the curo over the next year? Explain why
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