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Briefly explain the following statements: A. A macroeconomic equilibrium is not necessarily a good thing. B. The AD-AS model is a better representation of the
Briefly explain the following statements:
A. A macroeconomic equilibrium is not necessarily a good thing.
B. The AD-AS model is a better representation of the real world than the Keynesian Cross Model.
C. Monetary policy does not work in a flexible exchange rate regime.
D. Expansionary fiscal policy may crowd out private investment.
E. Depreciation of currency will boost aggregate demand in the economy.
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