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Identify each of the following statements as true or false. Explain your response. Macroeconomists today agree: a. that laws requiring a balanced budget can do
Identify each of the following statements as "true" or "false". Explain your response.
Macroeconomists today agree:
a. that laws requiring a balanced budget can do more harm than good.
b. that fiscal policy is just as effective as monetary policy.
c. that the economy can be slow to self-correct.
d. that a liquidity trap can render monetary policy ineffective.
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