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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985

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BuyFindarrow_forward

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985
Textbook Problem

What is the discount rate? What happens to the money supply when the Fed raises the discount rate?

To determine

Discount rate and what happens to money supply when the Fed raises it.

Explanation

The Federal Reserve is the central bank of the US economy, and it is usually known as the Fed. The Fed has the responsibility of keeping the economy controlled from the fluctuations, and it has to control the money supply of the economy through its monetary policies. The controlling of the money supply is one of the primary responsibilities of the fed.

Discount rate is the rate that the banks have to pay to the Fed when they are borrowing from the Fed...

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