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Explain how each of the following actions changes the money supply. (9 marks, 3 marks each) a. The Bank of Canada buys bonds. b. The

Explain how each of the following actions changes the money supply. (9 marks, 3 marks each)

a. The Bank of Canada buys bonds.

b. The Bank of Canada raises the bank rate.

c. The Bank of Canada raises the reserve requirement.

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