If the central bank wanted to achieve a lower rate of inflation and also a higher exchange
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If the central bank wanted to achieve a lower rate of inflation and also a higher exchange rate, could it under these circumstances rely simply on the one policy instrument of interest rates?
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A higher interest rate would help both to reduce inflation ...View the full answer
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Related Book For 
Essential Economics For Business
ISBN: 9781292728940
7th Edition
Authors: John Sloman, Elizabeth Jones
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