Write down the quantity equation, in both the level and the rates of change form. What do each of the terms represent? and Does the Bank of Canada target the rate of growth of M1 (the money supply) or the inflation rate? Why?
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Write down the quantity equation, in both the level and the rates of change form. What do each of the terms represent? and Does the Bank of Canada target the rate of growth of M1 (the money supply) or the inflation rate? Why?
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