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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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