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Quay Refer to Figure 11.15. In the figure above, if the economy in Year 1 is at point A and expected in Year 2 to
Quay Refer to Figure 11.15. In the figure above, if the economy in Year 1 is at point A and expected in Year 2 to be at point B, then the appropriate monetary policy by the Bank of Canada would be to expand the money supply. reduce the exchange rate. lower income taxes. raise income taxes. reduce the money supply
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