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1. Assume the Pakistan's economy is in recession: Pakistan implements a combination of expansionary fiscal and monetary policy. In the absence of complete crowding out

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1. Assume the Pakistan's economy is in recession: Pakistan implements a combination of expansionary fiscal and monetary policy. In the absence of complete crowding out what will be the effect of these policies on each of the following: i. Aggregate demand in Pakistan ii. The price level in Pakistan iii. Interest rates in Pakistan

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