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Briefly explain how fiscal policy can help handling an economic recession and elaborate the limitations of using fiscal policy in doing so. b. Monetary policy
Briefly explain how fiscal policy can help handling an economic recession and elaborate the limitations of using fiscal policy in doing so.
b. Monetary policy is another policy option in handling an economic recession. Briefly explain how it works. Someone argues that fiscal policy is better than monetary policy in handling the recession under COVID-19. Explain in what sense this is true.
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