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  • Supply-side economics.
  • Shortcomings of fiscal policy: rational expectations, crowding out, deficits and interest rates.
  • Monetary policy, open market operations.
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  • MBA 620 Intro Video

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Analyzing the classical macroeconomic model. The market for money, money creation, simply money multiplier, money multiplier, Tax cuts get increasingly impotent as the short run aggregate supply gets more elastic. Monetary policy, open market operations.

Federal funds market, changing reserve requirements, financial market shocks, changing the discount rate.

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