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What are the uses of money? Explainthe major functions of the Federal Reserve. Discuss why the money supply curve is vertical. Describe how rapid inflation

  1. What are the uses of money?
  2. Explainthe major functions of the Federal Reserve.
  3. Discuss why the money supply curve is vertical.
  4. Describe how rapid inflation can undermine money's ability to perform its three basic functions and Fed's actions to control inflation.

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Microeconomics An Intuitive Approach with Calculus

Microeconomics An Intuitive Approach with Calculus

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