THE IMPACT OF MONEY SUPPLY ON ECONOMIC GROWTH IN NIGERIA (1970-2007)
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Delivery: Within 24 hoursIn the critical observation of the recent Nigerian economic position, there has been a great divergence between the rate at which money is supplied and the exact impact it has on the general price level, which results in inflation and deflation on one hand, and the output growth (productivity) on the other hand. Although, it had occurred to our mind that Nigerian monetary policy continues to aim at achieving single digit inflation, a stable Naira, increase in domestic production and a stock of foreign exchange.
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