Question
According to the NK model, in a liquidity trap ________ A.neither monetary or fiscal policy is effective. B.fiscal policy is more effective than monetary policy.
According to the NK model, in a liquidity trap ________
A.neither monetary or fiscal policy is effective.
B.fiscal policy is more effective than monetary policy.
C.fiscal policy has a small role.
D.fiscal and monetary policy are equally effective.
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Microeconomics
Authors: Dean Karlan, Jonathan Morduch
1st edition
978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531
