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Assume that US output and employment has collapsed. What is the likely policy response from our macro-policy makers?. ONone of the statements are correct. The

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Assume that US output and employment has collapsed. What is the likely policy response from our macro-policy makers?. ONone of the statements are correct. The president and congress will adopt an expansionary monetary policy by lowering interest rates. The Federal Reserve will adopt a contractionary monetary policy by raising interest rates. The president and congress will adopt an expansionary fiscal policy of increasing the supply of money. The president and congress will adopt an expansionary fiscal policy of tax increases

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