What are open-market operations
What are open-market operations? How are they conducted to fight inflation and recession? Write your answers completely.
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Find all the possible intertemporal equilibria. Using a phase diagrammaic technique, discuss the stability/instability of the interior equilibrium. (Note: For full marks, all trajectories must clearly be marked.
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In order to buy a car, you borrow $25,000 from a friend at 12% per year compounded monthly for 4 years. You plan to repay the loan with 48 equal monthly payments. How much interest is in the twenty-third payment?
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