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If Money Is Neutral in the Long Run,why Would the Fed

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Essay

If money is neutral in the long run,why would the Fed want to increase the money supply? Explain carefully.


Definitions:

Pain

An unpleasant sensory and emotional experience associated with actual or potential tissue damage.

Taste Buds

Nests of taste receptor cells.

Taste Receptor Cells

Specialized cells located on the taste buds that detect and respond to chemical substances, enabling the sense of taste.

Papillae

Knoblike elevations on the tongue, containing the taste buds. (Singular: papilla.)

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