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Question No.1 Use the following scenarios to compare the effectiveness of monetary and fiscal policies with respect to the following: (a) An increase in aggregate
Question No.1
Use the following scenarios to compare the effectiveness of monetary and fiscal policies with respect to the following:
(a) An increase in aggregate demand to recover from a recession.
(b) An increase in aggregate supply to increase employment.
(c) Time lag differences
(d) Influencing interest rates
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