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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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