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In 2001,the U.S.economy suffered a mild recession.As a result,the Fed implemented expansionary monetary policy several times,and expanded the money supply to stimulate the economy.Explain the intention of such monetary policy.
Royalty
A payment made to the owner of a certain property, right, or patent for the use of that property by others.
Textbook Sales
The activity of selling educational books typically used in schools, colleges, and universities.
Value
An expression of the worth of something, typically in monetary terms but can also encompass subjective aspects like sentimental value.
Percentage Form
A way of expressing numbers as a fraction of 100.
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