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Question One Suppose the Bank of Canada increases its target for the overnight interest rate. a) Briefly explain what effect, if any, this has on

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Suppose the Bank of Canada increases its target for the overnight interest rate. a) Briefly explain what effect, if any, this has on the amount of money in the economy. b) Briefly explain what effect, if any, this has on the value of the Canadian Dollar. c) Briefly explain what effect this has on real GDP (in the short-run)

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