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Business, 23.10.2021 14:00 girly37

Assume that in order to close the output gap, the Central Bank of Pawnee has decided they need to set a target interest rate of 5%. If the reserve ratio in Pawnee is 10%, there is no currency drain, and banks do not hold excess reserves, what should the amount of the open market operation be

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Assume that in order to close the output gap, the Central Bank of Pawnee has decided they need to se...
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