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SUPPOSE THE CENTRAL BANK INCREASES THE GROWTH RATE OF THE MONEY SUPPLY. EXPLAIN THE EFFECT ON SEIGNORAGE IN : I) SHORT RUN. (3 MARKS) II)
SUPPOSE THE CENTRAL BANK INCREASES THE GROWTH RATE OF THE MONEY SUPPLY. EXPLAIN THE EFFECT ON SEIGNORAGE IN :
I) SHORT RUN. (3 MARKS)
II) MEDIUM RUN. (3 MARKS)
III) LONG RUN. (3 MARKS)
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