=+ b. In the early 1980s, the U.S. government cut taxes and ran a budget defi cit

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b. In the early 1980s, the U.S. government cut taxes and ran a budget defi cit while the Fed pursued a tight monetary policy. What effect should this policy mix have?

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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