According to Keynes a. monetary policy is better policy tool for managing the economy than fiscal policy
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According to Keynes
a. monetary policy is better policy tool for managing the economy than fiscal policy
b. monetary policy can be ineffective because of the increased uncertainty during a recession
c. fiscal policy is counterproductive because the economy is always at full employment
d. monetary policy is particularly adept at managing the economy due to the high sensitivity of investment to the real interest rate
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