Question
In the Keynesian model, the difference between using monetary and fiscal policy to eliminate a recession is that________. an expansionary fiscal policy will leave the
In the Keynesian model, the difference between using monetary and fiscal policy to eliminate a recession is that________.
an expansionary fiscal policy will leave the economy with a lower real interest rate than an expansionary monetary policy.
fiscal policy will eliminate a recession quicker than monetary policy will.
monetary policy will eliminate a recession quicker than fiscal policy will.
an expansionary monetary policy will leave the economy with a lower real interest rate than an expansionary fiscal policy.
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International Economics
Authors: Robert Carbaugh
18th Edition
0357518918, 978-0357518915
