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1. Explain what causes delay in the implementation of countercyclical macroeconomic policies. Give examples 2. Who is responsible for determining monetary policy and what is

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1. Explain what causes delay in the implementation of countercyclical macroeconomic policies. Give examples 2. Who is responsible for determining monetary policy and what is the main goal of monetary policy? 3. Kenyesian vs. Monetarist views on monetary policy transmission mechanism

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