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What sort of shock describes the economic events materializing in the global economy from mid-late 2008? If government spending were increased, what would occur to

What sort of shock describes the economic events materializing in the global economy from mid-late 2008?

If government spending were increased, what would occur to interest rates?

How might monetary policy (as reflected in the OCR) have affected the degree of crowding out resulting from fiscal policy (as reflected in government expenditure)?

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