In the long run, an increase in the growth rate of the quantity of money ________ the inflation rate and ________ the nominal interest rate

The U.S. imposed high tariffs in the early nineteenth century in retaliation for British tariffs imposed on American goods

Indicate whether the statement is true or false

The Fed can force the banking system to decrease the money supply by tightening monetary policy, but it cannot force the banking system to increase the money supply by loosening monetary policy

a. True b. False Indicate whether the statement is true or false