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8. When there is too little money in the economy which dampens overall demand for goods and services, BSP loosens the faucet to expand money
8. When there is "too little money in the economy which dampens overall demand for goods and services, BSP "loosens the faucet" to expand money supply (in analogy the of monetary policy as faucet, where BSP as the person who controls the faucet). what do you call this action
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International economics
Authors: Robert J. Carbaugh
13th Edition
978-1439038949, 1439038945, 978-8131518823
