Increase the effectiveness of fiscal stimulus

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Reference no: EM13836926

A situation in which the Fed holds interest rates constant (at a low level) in order to increase the effectiveness of fiscal stimulus is known as ___________.

A. monetary policy that is non-cooperative and stringent

B. non-accommodating monetary policy action

C. non-accommodating monetary policy action

D. accommodating monetary policy action

Reference no: EM13836926

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