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please answer 3. (10 points) Suppose that the Federal reserve plans to expand its money supply growth from 3% to 7% in order to stimulate

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3. (10 points) Suppose that the Federal reserve plans to expand its money supply growth from 3% to 7% in order to stimulate the economy. By doing so the Fed expects to increase the growth rate of output from 2% to 4%. Based on this and assuming that the Eurozone does not change its policy, what should happen with the US dollar? Should it appreciate or depreciate with respect to the Euro? by how much

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