1. Suppose that the liquidity effect is small, people monitor changes in the money supply carefully, and prices and inflation expectations adjust rapidly. In this situation, describe the movement of the nominal interest rate when there is a permanent decline in the growth rate of the money supply?
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Your paper should be formatted in the 7th edition APA style and include references as required.
Your paper should include quotations from Wallace’s “Tense Present: Democracy, English, and the Wars over Usage” as well as at least one additional source from the UCC Library databases. Cite each source using the MLA Style. Paper should be at least 900 words, double spaced 12 point font times new roman, mla citation page
Your posting should be the equivalent of 1 to 2 single-spaced pages (500–1000 words) in length.
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