Question
As a consequence of money neutrality, a. the money multiplier has a real effect on money supply. b. only changes in the reserve ratio requirement
As a consequence of money neutrality,
a. the money multiplier has a real effect on money supply.
b. only changes in the reserve ratio requirement can play a role in long-run economic growth.
c. a central bank can only hope to stimulate short-run economic growth with monetary tools.
d. immediate increases in the money supply will only affect short-run inflation rates.
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Understanding The Law
Authors: Donald L Carper, John A McKinsey, Bill W West
5th Edition
0324375123, 9780324375121
