The answer to each question should be a short to long

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Reference no: EM13378413

The answer to each question should be a short to long paragraph.

1) How does an expansionary monetary policy work? (Describe the steps through which an increase in money supply affects the real GDP).
2) How does fiscal policy work? (Describe the steps through which an increase in G or TR, or a decrease in TX, affects the real GDP).

Reference no: EM13378413

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