Why was the Great Depression an especially appropriate time to use fiscal policy rather than just monetary

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Why was the Great Depression an especially appropriate time to use fiscal policy rather than just monetary policy alone?

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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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Question Posted: Nov 24, 2015 09:00 AM

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Why was the Great Depression an especially appropriate time to use fiscal policy rather than just monetary

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As with monetary policy fiscal policy is most effective when the relevant shock is to aggre...View the full answer

Modern Principles of Economics

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