Decline in real growth of money supply a decline real

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Unformatted text preview: of money supply A. Decline real tends to lead recessions tends B. Increase in real growth tends to accompany Increase recoveries recoveries C. What is not evident: effects of expansionary What fiscal policy… 1. 1. 2. Timing of results Magnitude Dr. David P. Echevarria All Rights Reserved 5 RELATIONSHIP OF MONEY RELATIONSHIP SUPPLY AND ECONOMY SUPPLY D. The lag between changes in Money supply and The changes in output changes E. Trade-Off Faced By the Fed 1. The Phillips Curve a. b. 2. Increases in wages d...
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