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Icon sizes: 256x256, 128x128, 48x48, 32x32, 24x24, 16x16 File formats: ICO, GIF, PNG, BMP ![]() ![]() ![]() ![]() Tags: louisiana purchase images, shopping cart icon, armagedon images, lab dog images, power of imageryOnly from the current policy of the bodies regulating monetary circulation, butAs well from suppositions dominating in the market concerning their future Politicians. The norm of percent on short-term loans is easily inspected by these Bodies and consequently that is easy to create belief that their politician not Will undergo to the big changes in the near future, and consequently that The possible loss is small in comparison with current benefit (if only it not Comes nearer to extremely small). But the long-term norm of percent can To appear more inflexible, it is necessary to it to fall only to level, which in Typical opinion looks as "unreliable" on the basis of last experience and Present suppositions concerning the future monetary policy. For example, in To the country anchored to the international system of the gold standard, on norm Percent, smaller, than somewhere in other place, will look with the lawful Mistrust; however the internal norm of percent tightened to parity with The highest norm (the highest adjusted for risk), existing in the countries, Inherings to the international system, there can be much above, than it Compatibly with a full employment in the first country. Thus, the monetary policy who is regarded by the public Opinion as experiment or something, easily, under given to changes, can To fail in tendency to reduce long-term norm of percent, for M2 Can increase it is almost boundless in reply to lowering r more low Certain level. The same policy, on the other hand, can appear Quite successful if she appeals to public opinion in the spirit of Prudence, practicalities and services to public interests, it is grounded on Strong belief also it is spent by the power which change there are no bases To assume. Probably, would be more exact to tell not that norm of percent is in Considerable degree a psychological phenomenon, and that it is in the considerable It is defined by a prevailing sight at its value expected in the future. Any level of percent it will be real strong, if it from the sufficient By conviction is accepted to that, besides, certainly that in the varying Public situation there are oscillations owing to any reasons around Expected normal level. In particular, when M1 increases faster, ![]()
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