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1) How can we Discuss the ineffectiveness of monetary policy while trying to correct a sluggish economy under a fixed exchange rate. A) if policy
1) How can we Discuss the ineffectiveness of monetary policy while trying to correct a sluggish economy under a fixed exchange rate.
A) if policy makers are particularly concerned about the current account deficit (i.e. trade deficit),
B) discuss whether stimulatory fiscal policy or monetary policy would make more sense while correcting recessionary gaps
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