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Macro Question The historical debate between Monetarist and Keynesians about the effectiveness of monetary policy in changing real GDP. Show the monetary transmission mechanism from

Macro Question

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The historical debate between Monetarist and Keynesians about the effectiveness of monetary policy in changing real GDP. Show the monetary transmission mechanism from the Keynesian perspective. In particular, include the two conditions in which a change in the money supply would have a weak short-an effect on real GDP

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