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The elasticity of substitution in transactions between money and bonds is a crucial determinant of the seigniorage- maximizing inflation rate and of whether the semi- elasticity of money demand with inflation increases with inflation.
A serious national family planning effort began after independence in 1980. As a result, the contraceptive prevalence rate increased from about 14 percent in 1982 to 43 percent in 1988. But program efforts are now stalling.