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Considering the following statement. When the central bank purchases non-monetary asset such as gold, the monetary base would not increase because the monetary base consists
Considering the following statement. "When the central bank purchases non-monetary asset such as gold, the monetary base would not increase because the monetary base consists of only cash and reserve." Is it true or false? Explain your answer carefully
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Environmental And Natural Resource Economics
Authors: Thomas H Tietenberg, Lynne Lewis
10th Edition
1315523965, 9781315523965
