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The U.S. experience during the 1980s and 1990s illustrates that a. fiscal policy is substantially more potent than monetary policy. b. a monetary policy that
The U.S. experience during the 1980s and 1990s illustrates that a. fiscal policy is substantially more potent than monetary policy. b. a monetary policy that keeps the inflation rate low and steady will help promote economic stability. c. there is a trade-off between inflation and unemployment-the unemployment rate can be reduced if we are willing to tolerate higher rates of inflation. d. a balanced budget is essential for the achievement of price stability
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