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(Solution) - Describe two alternative responses available to policy makers when the economy

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Describe two alternative responses available to policy-makers when the economy is in recession. What are the advantages and disadvantages of each strategy? Be sure to discuss the effects on employment, the price level, and the composition of output. What are some of the practical difficulties in using macroeconomic stabilization policies to fight recessions?


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This question was answered on: Jul 11, 2017

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