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Concepts of deflationary and inflationary gaps

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Reference no: EM133126907

Question 1: Explain the concepts of deflationary and inflationary gaps

Question 2: Illustrate the use of expansionary monetary policy.

Question 3: Illustrate the use of expansionary fiscal policy.

Question 4: Why is the policy mix of combining fiscal and monetary policy superior?

Reference no: EM133126907

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