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1. What will be the effects of an increase in the money supply on the interest rate? What will be the effects of an increase in real output on the interest rate?
2. Explain the effects of a permanent increase in the U.S. money supply in the short run and in the long run. Assume that the U.S. real national income is constant.
Make a case for the effects of each of these changes on the Pastoral Nomad lifestyle and given constraints in semi-arid environments, to what extent has the pastoralist lifest
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Alex doesn't care about where he lives, but he does care about what he eats. Alex spends all his money on restaurant meals at either American (x_a) or French restaurants (x_
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