Title: Impact of fiscal and monetary policies on employment, income and price level.
a. Students can use macroeconomic models
. When do we
employ
expansionary monetary and fiscal policies? Evaluate impact of the expansionary
monetary and fiscal policies on the price level
, employment and GDP.
c. When do we employ contractionary monetary and fiscal policies? Evaluate impact of the contractionary
monetary and fiscal policies on
the price level, employment and GDP
.
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