Assessing economic growth economic b adam smiths

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Unformatted text preview: Smith's international trade imperative 1. 2. Is trade free? If not, what is the cost? C. Role of the US Dollar as official reserve Role currency currency Dr. David P. Echevarria All Rights Reserved 8 HOMEWORK QUESTIONS HOMEWORK A. A. B. C. D. How do Keynesians treat the supply of money? How do Monetarists treat the supply of money? Why is velocity important? Why velocity What does the Theory of Rational Expectations say What about the effectiveness of government policy initiatives? initiatives? E. What policy tools can the Federal Reserve use to What control inflation? control Dr. David P. Echevarria All Rights Reserved 9...
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