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Statement I: Monetary policy is much more effective in fighting recessions than inflations.
Statement II: The control of monetary policy is vested mainly in the 12 Federal Reserve District Banks.
Informative
Providing useful or important information or details.
Assumptions
Statements or ideas accepted as true without proof, used as the basis for reasoning or argumentation.
Explanandum
The phenomenon or event that is to be explained, often used in the context of scientific inquiry.
Hypothesis
A proposed explanation for a phenomenon, often based on limited evidence as a starting point for further investigation.
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