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bedau bedau
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6 years ago
If the Fed were required to maintain an absolutely constant growth rate of high-powered money, then the growth rate of the money supply
A) would be zero.
B) would be constant at the growth rate of H.
C) would be constant but not necessarily at the growth rate of H.
D) would fluctuate along with the parameters in the money-creation formula.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
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supersuinegsupersuineg
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6 years ago
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bedau Author
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6 years ago
You make an excellent tutor!
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Good timing, thanks!
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Helped a lot
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