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List and briefly explain the steps in how monetary policy affects real GDP in the AS/AD model.Tell what is the impact when the Fed eases monetary policy to fight a recession.
Cards
Pieces of heavy paper or thin cardboard, typically rectangular in shape, used for playing a variety of games.
At Least
Indicates the minimum quantity or the smallest amount possible or required.
Probability
An estimation of how likely it is for a specific event to occur, presented as a number from 0 to 1.
Face Card
A term used in playing cards to refer to Jacks, Queens, and Kings.
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