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5 4.1 With the use of graph, explain the vertical and horizontal cases of the LM curve and show which policy is ineffective under each
5
4.1 With the use of graph, explain the vertical and horizontal cases of the LM curve and show which policy is ineffective under each case ( The crowding-out effect as well as the liquidity trap). ( 10)
Question 29
4.2 The South Africa Reserve Bank (SARB) uses several tools to control reserves. Name and explain each one of them as discussed in class. (5)
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