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Using the money demand and money supply model, an open market purchase of government of Canada securities by the Bank of Canada would cause the equilibrium interest rate to
P(A | B)
Conditional Probability of A given B, representing the probability of event A occurring given that event B is known to occur.
Independent Events
Two or more events where the occurrence or outcome of one event does not affect the occurrence or outcome of the other event(s), a fundamental concept in probability.
P(A | B)
Represents the conditional probability of event A occurring given that event B has occurred.
Independent Events
Two or more events in probability where the occurrence of one does not affect the occurrence of the other.
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