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Social Studies, 21.04.2021 16:10 qwertylol12345
Scenario 1: The economy is experiencing a 2% increase in the unemployment rate and GDP is falling. 1. Would you need an expansionary or a contractionary monetary policy? Explain.2. What monetary policies can be used to address this scenario? Explain at least two ways you would use the tools of monetary policy.3. What are the benefits and opportunity costs of the changes you propose? Consider the impact on economic growth, price stability, and unemployment.
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