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Suppose the US is a major source of demand for world commodities and supplies of commodities are limited. Describe how an expansionary monetary policy could
Suppose the US is a major source of demand for world commodities and supplies of commodities are limited. Describe how an expansionary monetary policy could affect commodity prices, both through a domestic and international channel. What would be the relationship one would observe between the value of the dollar and commodity prices following a monetary expansion??
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