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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 12
Categorize each of the following as either an ultimate or intermediate target or an instrument of monetary policy:
a. Nominal GDP
b. The discount rate
c. The monetary base
d. M 1
e. The Treasury bill rate
f. The unemployment rate
a. Nominal GDP
b. The discount rate
c. The monetary base
d. M 1
e. The Treasury bill rate
f. The unemployment rate
Explanation
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Verified
Ultimate targets: It refers to that targ...
Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
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