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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 29
"Monetary policy is incredible," your friend says. "Just a little manipulation of the money supply and interest rates, and we end up at just the right price level and amount of output." Is your friend overstating the Fed's control over price levels and output? Why or why not?
Explanation
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The classical theory of inflation states...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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