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Explain the macroeconomic effects of changes in monetary policy in: (1)the short run; and (2)the medium run.
Forges
Facilities or workshops where metal is heated and shaped, or the act of illegally copying or imitating something, such as documents or signatures.
Liable
Subject to legal responsibility for one's actions or omissions, potentially leading to civil or criminal penalties.
Good Faith
Acting with honesty and sincerity without any intention to defraud or seek undue advantage.
Without Recourse
A term indicating that the seller or transferor of a financial instrument is not liable to the buyer or transferee in case of default.
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