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Question
According to traditional Keynesians, monetary policy as a tool to fight a recession
A) has an uncertain effect on the economy, depending on the direction of fiscal policy.
B) is very effective because interest rates will fall immediately.
C) is ineffective because interest rates will not fall.
D) cannot be determined because traditional Keynesians do not consider monetary policy at all.
Answer
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Related questions
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Why should a perfect competitor produce at which price equals marginal cost?
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Q:
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Why?
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