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141. Two major policies used by the government to affect economic conditions are:A) acceleration and recalibration policy. B) recalculation and normalization policy. C) fiscal and monetary policy. D) passive and active policy.
Page 30142. Monetary and fiscal policies:143. Economists have discovered that economic booms and busts:144. Most developed countries:145. Economic booms and busts:A) can be moderated but cannot be avoided. B) can be avoided by employing growth-encouraging institutions. C) do not occur, since the economy always grows at a constant pace. D) occur only when countries have bad institutions.