word
monetary transmission mechanism
MON-eh-tair-ee trans-MIZH-un MEK-ah-niz-um
ˈmɒnɪtɛri trænsˈmɪʃən ˈmɛkənɪzəmListen
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Syllable breakdown
monetarytransmissionmechanism
Dictionary meaning
process through which monetary policy decisions affect aggregate demand, output, and inflation; channels include interest rates, credit, exchange rates, and asset prices
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