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Explain how open market operations impact the money supply. Explain the benefits and challenges of using monetary policy to address economic imbalances. Describe the concept

  • Explain how open market operations impact the money supply.
  • Explain the benefits and challenges of using monetary policy to address economic imbalances.
  • Describe the concept of a liquidity trap.
  • Explain the benefits and challenges of using fiscal policy to address economic imbalances.
  • Explain how government borrowing can lead to crowding out.

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