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Suppose at the same time as Parliament pursues an expansionary fiscal policy, the Bank of Canada pursues expansionary monetary policy.What happens to the price level
Suppose at the same time as Parliament pursues an expansionary fiscal policy, the Bank of Canada pursues expansionary monetary policy.What happens to the price level and RGDP levels?What happens to unemployment, inflation and economic growth?How might the monetary policy affect the extent of crowding out in the short run?
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