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Which of the following statement is NOT correct? 1. Adjusting reserve requirement is one tool used by the monetary policy 2. Monetary policy is often

Which of the following statement is NOT correct?

1. Adjusting reserve requirement is one tool used by the monetary policy

2. Monetary policy is often implemented more slowly than fiscal policy

3. Fiscal policy has more direct effect on the economy than monetary policy

4. Fiscal policy is about government spending and taxing actions to stabilize or spur growth in the economy

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