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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 21
The economy is growing far too quickly, as high aggregate demand is causing inflation. What fiscal policy should be pursued in this instance- expansionary or contractionary? What will be the effect of the appropriate policy on aggregate demand?
Explanation
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Fiscal policy:
It is the policy of the ...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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