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1. What is fiscal policy? 2. How can it be used to get the economy out of recession? 3. How can it be used to

1. What is fiscal policy?

2. How can it be used to get the economy out of recession?

3. How can it be used to get the economy out of the situation where the economy is in an expansionary period where we exceed long run potential?

4. Do both situations result on different impacts on inflation?Why or why not?

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