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    Principles of Economics
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    Exam 34: The Influence of Monetary and Fiscal Policy on Aggregate Demand
  5. Question
    What Are the Impacts of an Expansionary Fiscal Policy on Output
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What Are the Impacts of an Expansionary Fiscal Policy on Output

Question 64

Question 64

Essay

What are the impacts of an expansionary fiscal policy on output and the inflation rate in the short run? How about in the long run?

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An expansionary fiscal policy will raise...

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