5. Which of the following positions are true under the Great Moderation consensus? a. Monetary policy can

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5. Which of the following positions are true under the Great Moderation consensus?

a. Monetary policy can be used to reduce the unemployment rate in the long run.

b. Expansionary fiscal policy is not effective in fighting a recession.

c. Monetary policy is effective in fighting a recession.

d. Monetary policy and fiscal policy cannot effectively reduce unemployment in the short run.

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Macroeconomics In Modules

ISBN: 978-1464139055

3rd Edition

Authors: Paul Krugman ,Robin Wells

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Question Posted: Oct 16, 2024 11:00 AM

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5. Which of the following positions are true under the Great Moderation consensus? a. Monetary policy can

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Macroeconomics In Modules

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