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Fiscal and monetary policy can be used to combat severe recessions, however fiscal policy is most effective when it is focused on _______ and then

Fiscal and monetary policy can be used to combat severe recessions, however fiscal policy is most effective when it is focused on _______ and then monetary policy can focus on

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The long-run; the short-run

Recessions; inflation

Inflation; recessions

The short-run; the long-run

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