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7. Assume the Fed decides to increase the monetary growth rate signicantly. A) What would be the predicted effect, if any, on the nominal interest

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7. Assume the Fed decides to increase the monetary growth rate signicantly. A) What would be the predicted effect, if any, on the nominal interest rate in the short run? Explain. b) What would be the predicted effect, if any, on the nominal interest rate in the long run? Explain

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