MACRO ECON 6
6th Edition
ISBN: 9780357689820
Author: MCEACHERN
Publisher: CENGAGE L
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Chapter 11, Problem 9P
To determine
whether fiscal policy was effcetive during the stagflation of 1970s in the US along with the reasons for the same.
Concepts Introduced Fiscal Policy- It is the government’s plan of action or strategy with respect to the public revenue and expenditure to influence the nation’s economy.
Stagflation- Stagnation implies low
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