In 2012, the looming Fiscal Cliff meant that there would be an increase in taxes coupled with
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In 2012, the looming “Fiscal Cliff” meant that there would be an increase in taxes coupled with a decrease in government spending. Meanwhile the Federal Reserve was continuing “Quantitative Easing.” Discuss the combined effects of these events on the economy.
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The fiscal cliff is a combination of two contractionary fiscal policies whi...View the full answer
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Shaily Bahuguna
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