Question
The country of Austland has a central bank entitled the Central Reserve of Austland's People (CRAP for short). Currently CRAP is run by a group
The country of Austland has a central bank entitled the "Central Reserve of Austland's People" (CRAP for short). Currently CRAP is run by a group of experienced economists who obviously never took ECON1102. If Austland is currently at full employment, using the Keynesian model, illustrate and explain the impact on the economy if CRAP decided to cut the cash rate of interest.
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
