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If real money balances are $1,000 billion (2023 dollars), and the monetary expansion rate is 20%, what is the annual rate of seigniorage (in billions
If real money balances are $1,000 billion (2023 dollars), and the monetary expansion rate is 20%, what is the annual rate of seigniorage (in billions of 2023 dollars per year)? (Assume the government creates the entire money stock directly and ignore the growth of the economy)
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