Part 1: Please respond to the follow:
If “inflation is always and everywhere a monetary phenomenon,” why did the huge expansions of central bank money supply by the Federal Reserve, the ECB, and the Bank of Japan between 2007 and 2015 not result in high inflation in those economies?
*** At least 75 + WORDS ***
Part 2: Respond to classmate’s discussion:
“This is due to commercial banks’ holding on to their reserves and not creating broad money in the economy for the use of loans. In other words, even though central banks have made reserves available for commercial banks to loan, it has not reached the economy. So, there is in essence no increase in the money growth or velocity affecting the economy. However, when they do increase/release their current reserves for the availability of loans most economists agree there should be a rise in inflation on the horizon which will cause central banks to raise interest rates by tightening monetary policy.”
*** At least 40 + WORDS ***
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more