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Business, 06.11.2019 21:31 kieraweems2034

Consider two countries: japan and korea. in 1996 japan experienced relatively slow output growth (1%), while korea had relatively robust output growth (6%). suppose the bank of japan allowed the money supply to grow by 2% each year, while the bank of korea chose to maintain relatively high money growth of 12% per year. for the following questions, use the simple monetary model (where l is constant). you will find it easiest to treat korea as the home country and japan as the foreign country.

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Consider two countries: japan and korea. in 1996 japan experienced relatively slow output growth (1...
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