Elucidate why a system of marketable pollution permits

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Q. suppose the Federal reserve buys 400000 dollars worth of securities on the open market. if the reserve requirement is 20 percent and the banks hold no excess reserves what will happen to the total money supply?

Q. Elucidate why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.

Reference no: EM1359014

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