What causes the lags in the effect of monetary and fiscal policy on aggregate demand? What are

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What causes the lags in the effect of monetary and fiscal policy on aggregate demand? What are the implications of these lags for the debate over active versus passive policy?

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:23 AM

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What causes the lags in the effect of monetary and fiscal policy on aggregate demand? What are

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The lags in the effect of monetary and fiscal policy on aggregate demand are caused by the fact th...View the full answer

Principles of economics

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