=+ These measures caused the monetary base to increase from approximately $850 billion to over $4 trillion.

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=+ These measures caused the monetary base to increase from approximately $850 billion to over $4 trillion. What would an economist from each of the following viewpoints—1===+classical, Keynesian, monetarist, real business cycle, Great Moderation consensus, inflation bears, and secular stagnationists—predict about the effect of these policies, and why?

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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