Use the 3 sector model developed in class (Goods, Money, Foreign Exchange) to analyse the impact of the central bank selling government bonds on (i)
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Use the 3 sector model developed in class (Goods, Money, Foreign Exchange) to analyse the impact of the central

bank selling government bonds on

(i) interest rates 

(ii) investment spending 

(iii) balance of payments 

(iv) exchange rate 

(v) output and price level

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