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    Macroeconomics Principles and Policy Study Set 2
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    Exam 31: The Debate Over Monetary and Fiscal Policy
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    Define the Following Terms and Explain Their Importance to the Study
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Define the Following Terms and Explain Their Importance to the Study

Question 54

Question 54

Essay

Define the following terms and explain their importance to the study of macroeconomics.
a. velocity
b. equation of exchange
c. monetarism
d. automatic stabilizer

Correct Answer:

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a. Velocity is the number of times per y...

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