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In the event of a nancial crisis, is usually less flexible because of the need to obtain agreement for changes. Therefore, may be quicker to
In the event of a nancial crisis, is usually less flexible because of the need to obtain agreement for changes. Therefore, may be quicker to react to shocks. may be problematic especially where there is the danger of sovereign credit risk: {sovereign debt crisis}, which may a country's ability to nance increased spending or tax cuts by issuing new bonds (its. by borrowing]. Select one: C) a. Monetary policy Fiscal policy, Monetary policy, decrease O b. Monetary policy, Fiscal policy, Monetary policy, increase 0 c. Fiscal policy, Monetary policy, Fiscal policy, increase 0 d. Fiscal policy, Monetary policy, Fiscal policy, decrease D e. Fiscal policy, Monetary policy, Monetary policy, increase
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