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Unformatted text preview: circumstances would be destabilizing. 4. Suppose the economy is in a recession, and that policymakers believe that action is warranted to stimulate the economy. Discuss the relative advantages of monetary and fiscal expansion as tools to increase output....
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This note was uploaded on 06/26/2009 for the course ECON 203 taught by Professor Al-sabea during the Spring '05 term at USC.
- Spring '05