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    Exam 7: Interest Rates, the Yield Curve and Monetary Policy
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    Monetary Policy Based on Monetary Aggregates Operates First on Income
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Monetary Policy Based on Monetary Aggregates Operates First on Income

Question 53

Question 53

True/False

Monetary policy based on monetary aggregates operates first on income (Y), which then impacts on money supply (M), which in turn affects the money base (MB).

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