Problem
Political officials often call on the monetary authorities to expand the money supply more rapidly so that interest rates can be reduced. Will expanding the money supply lower interest rates in the short run? What about the long run? Explain. The highest interest rates in the world are found in countries that expand the supply of money rapidly. Can you explain why?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.