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Which of the following statements is correct? 1. Expansionary fiscal policy is used to remove a recessionary gap. II. Expansionary fiscal policy is used

 

Which of the following statements is correct? 1. Expansionary fiscal policy is used to remove a recessionary gap. II. Expansionary fiscal policy is used to shift AD right. A) I only B) II only C) both I and II OD) neither I nor II

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