Question
In order to keep national income stable, the central bank has to purchase government securities whenever interest rates increases. Comment on this statement with the
"In order to keep national income stable, the central bank has to purchase government securities whenever interest rates increases." Comment on this statement with the help of an IS-LM diagram and explain the adjustment process.
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Environmental Economics and Management Theory, Policy and Applications
Authors: Scott J. Callan, Janet M. Thomas
6th edition
1111826673, 1111826676, 1439080634, 1439080631, 9781285528540 , 978-1111826673
