Is it possible for the government to target the money supply over the longer term without targeting the PSNCR?
Answer to relevant QuestionsWhat are the mechanics whereby the central bank raises the rate of interest?For what reasons might the long-run aggregate supply curve be (a) Vertical; (b) Upward sloping; (c) Downward sloping?For what reasons do countries experience very different long-run rates of economic growth from each other?Define demand-side and supply-side policies. Sometimes it is said that Keynesians advocate demand-side policies and monetarists advocate supply-side policies. Is there any accuracy in this statement?What factors determine a country’s terms of trade?
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