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Explain the effect of expansion in monetary policy

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Reference no: EM132405719

The simplest approach to explain the effectiveness of monetary and fiscal policy is the approach of aggregate demand (AD) and aggregate expenditure (US).

1. Explain the effect of expansion (increase) in monetary policy on the level of national production (Y)

2. Explain the effect of the expansion (increase) in fiscal policy on the level of national production (Y)

Reference no: EM132405719

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