Identify one of the following which can NOT be used to cl...
Identify one of the following which can NOT be used to close deflationary gap
Increased interest rate
Increased money supply
Increase government expenditure
Reduction in taxes
Correct answer is A
- Monetary policy is implemented by reducing the interest rates in the economy in order to increase the supply of money to enhance growth.
- The fiscal policy is implemented by the reduction of taxes and increasing government spending in order to boost demand.
- Policymakers may choose to implement a stabilization policy to close the recessionary gap and increase real GDP.
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