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PLEASE ANSWERS THE FOLLOWING QUESTIONS . THANKYOU Answer the following questions: a Suppose money supply in the Canadian economy is more. What are the tools

PLEASE ANSWERS THE FOLLOWING QUESTIONS . THANKYOU

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Answer the following questions: a Suppose money supply in the Canadian economy is more. What are the tools the Bank of Canada will use to reduce the money supply. Explain the process. b. Suppose the Central Bank of Canada purchased $10 million worth of bonds. How it will affect money supply? What is the maximum possible change in the money supply if the required reserve ratio is 0.5? Question 2 (15 marks) Suppose the Canadian economy is in recessionary gap. Explain step by step the process of monetary policy adopted by the Bank of Canada to fill the recessionary gap. OPPO F11

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