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Business, 21.04.2020 20:23 sanociahnoel

If the Federal Reserve had maintained a constant money supply in the face of this change, this would have the interest rate, and aggregate demand and aggregate output. To have maintained a constant market interest rate (the interest rate on nonmonetary assets) in the face of this change, the Federal Reserve would have had to the money supply. As a result, aggregate demand and output would have .

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