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Unformatted text preview: 3. The fiscal agent of governmental agencies. One of the goals of the fed. Is to defend the dollar. The responsibility of the dollar, where it trades. 2 uses of money, the transactions (dependant upon the nominal GDP) and to buy assets. The assets demand for money involves the loan-able money theory. Interest rate is what you pay for money. It is supply and demand. Page 273 in the yellow...
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This note was uploaded on 04/12/2008 for the course ECO 1000C taught by Professor Lawrence during the Spring '08 term at St. Johns Duplicate.
- Spring '08