[SOLVED] Macroeconomics – Open Market Operations
May 4th, 2022
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[SOLVED] Macroeconomics – Open Market Operations
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There seems to be a paradox between goods and money. Consider the following.
Would you be better off if the amount of:
a) Food and Clothing you have suddenly doubled?
b) Food and Clothing EVERYONE has suddenly doubled?
c) Money you have suddenly doubles?
d) Money EVERYONE has suddenly doubles (there is no change in national output)?
Identify which of the above situations would you be better off in? (Simply list A, B, C, and/or D. Multiple answers are OK).
Next, explain the difference in your answers to parts B and D. Why are you better off in one and not the other?