5. Both monetary policy and fiscal policy were considerably more expansionary during the period from 1 966
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5. Both monetary policy and fiscal policy were considerably more expansionary during the period from 1 966 to 1978 than during the two decades following W or1d War I I. The expansionary macropolicy was a major factor contributing to the inflation of the period.
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Related Book For 
Macroeconomics Private And Public Choice
ISBN: 9780123110701
2nd Edition
Authors: James D Gwartney; Richard Stroup; A H Studenmund
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