The Clinton economic package as passed by Congress in 1993 had the effect of tightening fiscal policy
Question:
(a) Assuming that there is no counteracting monetary policy and
(b) Assuming that monetary policy completely neutralized the impact on GDP and that the lower deficit leads to higher investment and higher growth of potential output.
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Step by Step Answer:
a The fiscal restraint will cause the AD curve to shift to the left Prices and o...View the full answer
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