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1. Describe the economic tradeoff faced by the Fed in achieving its economic goals. 2. When does the Fed use a stimulative monetary policy and
1. Describe the economic tradeoff faced by the Fed in achieving its economic goals. 2. When does the Fed use a stimulative monetary policy and when does it use a restrictive-monetary policy? What is a criticism of a stimulative monetary policy? What is the risk of using a monetary policy that is too restrictive
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