The RBA abandoned targeting the money supply in 1985 because the demand for money became more volatile.
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Q108: Narrbegin Exhibit 16.1 Q110: Under a fixed exchange rate system, an Q111: If M stands for the money supply, Q112: Monetarists argue that velocity is reasonably predictable. Q114: If the velocity of money is constant Q115: The RBA might try to sell securities Q116: Today Australia has: Q117: Under a fixed exchange rate system, an Q118: Monetarists argue that the central bank should Q137: The velocity of money is equal to
A) a floating exchange rate.
B)
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