EBK THE ECONOMICS OF MONEY, BANKING AND
EBK THE ECONOMICS OF MONEY, BANKING AND
5th Edition
ISBN: 9780134734545
Author: Mishkin
Publisher: YUZU
Question
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Chapter 19, Problem 3Q
To determine

The reason that the central bank should not pursue maximizing economic growth as its primary goal

Concept Introduction:

Economic Growth: An increase in the goods and services produced in an economy over a period of time, generally measured through Gross Domestic Product, is termed as the economic growth.

Bubbles: An economic bubble is generally referred as the situation wherein there is a huge surge in the prices of the assets, way above its original value, primarily forming due to speculations in the market.

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