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Business, 07.11.2021 14:00 korban23

Suppose the central bank sets the growth rate for nonborrowed reserves to 3% in order to achieve a growth rate of 4% for M2, which in turn should grow nominal GDP by 5%. In this case, nonborrowed reserves are , M2 is , and nominal GDP is a .

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Suppose the central bank sets the growth rate for nonborrowed reserves to 3% in order to achieve a g...
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