Explain the difference between monetary policy and fiscal policy. How does the government raise funds to cover the costs of its annual budget?
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What is a good historical example of when the Fed created a recession to reduce inflation expectations?a. in the early 1980sb. in the early 1960sc. during the Great Depression...
What are the effects of inflation on an economy? What are the effects of deflation? How does the consumer price index work?
What is the gross domestic product? What is its relationship to productivity?
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