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the monetary policy is preemptive, so it's meant to go go into action before something has happened. OK, it's short run. It doesn't create long
the monetary policy is preemptive, so it's meant to go go into action before something has happened. OK, it's short run. It doesn't create long run economic growth. It's short run at best. OK and it's demand side policy. It aims to affect aggregate demand. OK. So by altering the cash interest rate, it affects aggregate demand, specifically the aggregate demand component
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Intermediate Microeconomics and Its Application
Authors: walter nicholson, christopher snyder
11th edition
9781111784300, 324599102, 1111784302, 978-0324599107
