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1- Explain how a policy mix (like the one used in 1990s) could help reduced to eliminate the budget deficit without having an adverse effect on the output.   Illustrate your answer using IS-LM graph.

2- Carefully explain the neutrality of money on the medium run. Use an aggregate demand - Aggregate supply diagram to illustrate your answer.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9525043

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