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 1 978 than during the two decades following World War I I . The expansionary macropolicy was a major factor contributing to the inflation of the period.

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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