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According to the Great Moderation Consensus, Expansionary Fiscal Policy Will

Question 288

Multiple Choice

According to the Great Moderation consensus, expansionary fiscal policy will shift the aggregate demand curve to the _____ and lead to a _____ level of output and a _____ level of employment in the short run.


A) right; higher; higher
B) left; lower; lower
C) right; higher; lower
D) left; lower; higher

Correct Answer:

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