What policy mix is needed to achieve

Reference no: EM133504446

Question: A policy mix refers to the combination of monetary and fiscal policies that a country utilizes to manage its economy. What policy mix is needed to achieve each of the following objectives? (a) Increase output while keeping the interest rate fixed; (b) decrease a budget deficit while keeping output fixed. Explain your answer using appropriate IS-LM diagrams.

Reference no: EM133504446

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