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Basic Question 1 of 4
If the economy is in a recession, ______
B. fiscal policy will be more effective than monetary policy.
C. it's not clear which policy will be more effective.
A. monetary policy will be more effective than fiscal policy.
B. fiscal policy will be more effective than monetary policy.
C. it's not clear which policy will be more effective.
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Learning Outcome Statements
explain the interaction of monetary and fiscal policy
CFA® 2025 Level I Curriculum, Volume 1, Module 4.