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    Principles of Macroeconomics Study Set 11
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    Exam 12: The Determination of Aggregate Output, the Price Level, and the Interest Rate
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    Figure 27.1 -Assume That Money Demand Is Perfectly Elastic. What Implications Would
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Figure 27.1 -Assume That Money Demand Is Perfectly Elastic. What Implications Would

Question 79

Question 79

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  Figure 27.1 -Assume that money demand is perfectly elastic. What implications would this have for an expansionary monetary policy? Figure 27.1
-Assume that money demand is perfectly elastic. What implications would this have for an expansionary monetary policy?

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It would mean that monetary policy would...

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