If monetary policy does not cause a change in interest rates, can it still affect the output
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If monetary policy does not cause a change in interest rates, can it still affect the output gap and the inflation rate? Briefly explain.
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Yes through the banking lending channel In the bank lending cha...View the full answer
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Related Book For
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
Question Posted:
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