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Define the monetary base. How does the central bank's i) Open market purchase from a commercial bank and ii) Open market purchase from the non-banking
Define the monetary base. How does the central bank's i) Open market purchase from a commercial bank and ii) Open market purchase from the non-banking public changes the monetary base?
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Macroeconomics Principles And Policy
Authors: William J. Baumol, Alan S. Blinder
11th Edition
0324586213, 978-0324586213
