Use the theory of liquidity preference to explain why an increase in the money supply lowers the

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Use the theory of liquidity preference to explain why an increase in the money supply lowers the interest rate. What does this explanation assume about the price level?

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Macroeconomics

ISBN: 978-1464168505

5th Canadian Edition

Authors: N. Gregory Mankiw, William M. Scarth

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Question Posted: Dec 31, 2015 01:36 AM

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Use the theory of liquidity preference to explain why an increase in the money supply lowers the

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Macroeconomics

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