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True or false The central bank can annihilate the fall of the interest rate induced by an expansionary fiscal policy by decreasing the reserve ratio
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The central bank can annihilate the fall of the interest rate induced by an expansionary fiscal policy by decreasing the reserve ratio of private banks.
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Historical Perspectives On The American Economy Selected Readings
Authors: Robert Whaples, Dianne C Betts
1st Edition
0521466482, 9780521466486
