What are the pros and cons of different policy measures

Reference no: EM13192446

Consider a small, open economy with a flexible exchange rate.
Discuss the options available to the government when trying to offset a recession by stimulating the economy. Consider both fiscal and monetary policies. What are the pros and cons of different policy measures? When applicable, try to discuss long-term as well as short-term considerations.

Reference no: EM13192446

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