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QUESTION
The country of Austland has a central bank entitled the "Central Reserve of Austland's People" (CRAP for short).
- The country of Austland has a central bank entitled the "Central Reserve of Austland's People" (CRAP for short). Currently CRAP is run by a group of experienced economists who obviously never took ECON1102. If Austland is currently at full employment, using the Kenysian model, illustrate and explain the impact on the economy if CRAP decided to cut the cash rate of interest.
