Question
Choose the pair of words that best completes this sentence: In a small, open economy, monetary policy is ____ potent and fiscal policy is ____
Choose the pair of words that best completes this sentence: In a small, open economy, monetary policy is ____ potent and fiscal policy is ____ potent than in a small, closed economy.
less; more
less; less
more; more
more; less
Step by Step Solution
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Suppose adopting expansionary fiscal policy Government increases its expenditure with money sup...
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Step: 2
Step: 3
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Macroeconomics
Authors: Robert J Gordon
12th edition
138014914, 978-0138014919
