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Answer to Question #102187 in Macroeconomics for sujan
Question #102187
Design an anti- recession stabilisation policy, involving both fiscal and monetary policies which is consistent with: (a) A relative decline in the public sector. (3 marks) (b) Greater income equality (4 marks) (c) A high rate of economic growth.
Expert's answer
(a) A relative decline in the public sector.
A policy to maintain full employment levels.
(b) Greater income equality
A policy to stabilize prices and wages.
(c) A high rate of economic growth.
A policy to achieve or maintain a high rate of economic growth
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