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Please explain with your own words! Due to Covid -19 pandemic, government of Indonesia implements an expansionary monetary policy such as give stimulus to Small
Please explain with your own words!
Due to Covid -19 pandemic, government of Indonesia implements an expansionary monetary policy such as give stimulus to Small Medium Entreprise, lowering interest rate and decreasing reserve ratio. Indicate the impact of this policy on each of the following four variables:
-) inflation rate,
-) real output and employment,
-) real interest rate,
-) budget deficit.
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