Which of the following are areas of general agreement among modern economists? a. To stabilize the economy,
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Which of the following are areas of general agreement among modern economists?
a. To stabilize the economy, fiscal policy should be used prior to monetary policy.
b. Expansionary fiscal policy increases aggregate demand.
c. Various types of lags make passive monetary policy undesirable as a tool for stabilizing the economy.
d. Fiscal and monetary policy can affect the unemployment rate in the short run.
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