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If Consumers and Businesses Are Especially Pessimistic, as in the Great

Question 4

Multiple Choice

If consumers and businesses are especially pessimistic, as in the Great Recession of 2007-2009, and do not want to borrow money from banks, then the use of an expansionary money policy is likened to


A) completing the circle.
B) pushing on a string.
C) filling in the blanks.
D) checking the list.

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