ECON 214 Module 7 Problem Set 6 Answers (ECON214)

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ECON 214 Module 7 Problem Set 6 Answers
  • ECON 214 Module 7 Problem Set 6 Answers

  • Exam (elaborations) • 2 pages • 2020
  • 1) Why is it possible to change real economic factors in the short run simply by printing and distributing more money? 2) Explain why a stable 5% inflation rate can be preferable to one that averages 4% but varies between 1–7% regularly. 3) Explain the difference between active and passive monetary policy. 4) Suppose the economy is in long-run equilibrium, with real GDP at $16 trillion and the unemployment rate at 5%. Now assume that the central bank unexpectedly decreases the money supply ...
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