The government of Lilliput relies on substantial seigniorage to finan.pdf

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The government of Lilliput relies on substantial seigniorage to finance its spending, while the government of Blefuscu does not rely on seigniorage at all, Otherwise, the two nations are similar. a. Lilliput has a rate of money growth. b. According to the , the rate of inflation will be in Lilliput. c. According to the , the interest rate will be in Lilliput. d. Residents of Lilliput hold real moncy balances and experience.

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