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What is the main reason why monetary policy has a stronger effect in an open economy than in a closed economy?
Pollution Reduction
Efforts or strategies aimed at decreasing the amount of pollutants released into the environment.
Government Caps
Limits set by the government on the amount of a commodity or service that can be produced, sold, or used.
Pollution Permits
Licenses issued by governments that allow the holder to emit a certain amount of pollutants over a given time period.
Property Rights
Legal rights to use, control, and derive benefits from a resource or property, including the right to exclude others.
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