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- 2013-8-23
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i thought it would swap Expansionary and Contractionary from the situations it gives, like i feel like its backwards..what do you think?
Monetary policy is expansionary when the policy rate is greater than the neutral interest rate (real trend rate of economic growth + inflation target)
Contractionary when the policy rate is less than the neutral interest rate |
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发表于 2013-4-22 09:11
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