You read a news story blaming the central bank for pushing the economy into recession. The article

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You read a news story blaming the central bank for pushing the economy into recession. The article goes on to mention that not only has output fallen below its potential level but that inflation had also risen. If you were to respond defending the central bank, what argument would you make?

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Related Book For  answer-question

Money Banking And Financial Markets

ISBN: 9781260226782

6th Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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