Chapter 15
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Created by:
KokiLOLLYKariya on December 14, 2011
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4 terms
Terms | Definitions |
|---|---|
 Monetary Policy | Changes in the Money supply or rate of growth of the money supply |
| Liquidity trap | holds that there is a minimum interest rate at which people no longer want to increase their borrowing |
| Expansionary Monetary Policy | Up Ms>spend more; AD Right |
| Contractionary Monetary Policy | Down Ms>spend less; AD Left (recessionary gap) |
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