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QUESTION 12 1 points Saved Any national economy can be described by the equation Y = C+ 1+G + (X - M) O True False QUESTION 13 1 points Monetary policy as administered by the Federal Reserve Bank through the commercial banking system affects the money supply and interest rates, and hence the level of credit, in the economy. True False QUESTION 14 I points Fiscal policy uses taxes, government purchases and transfers to affect aggregate demand, True False Click Save and Submit to move and submit. Chick Save All Annaers to pape all grazers Save and Submit