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19. Which one of the following statements is false? A. A cyclical is an industry with below-average sensitivity to the state of the economy. B.

19.

Which one of the following statements is false?

A. A cyclical is an industry with below-average sensitivity to the state of the economy.

B. Fiscal policy has a more direct effect on the economy than monetary policy.

C. Monetary policy works through money supply to slow or stimulate the economy.

D. Interest rate is also subject to the law of supply and demand (of funds).

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