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Monetary Policy Has a ________ Effect on Aggregate Demand in A(n)________

question 95

Multiple Choice

Monetary policy has a ________ effect on aggregate demand in a(n) ________ economy,and fiscal policy has a ________ effect on aggregate demand in a(n) ________ economy.


Definitions:

Legally Binding

A term applied to agreements or contracts that have legal force, meaning they are enforceable by law.

Contracts

Legally enforceable agreements between two or more parties that create mutual obligations.

Minor

A person under the legal age of majority, typically under 18 years old, who has certain restrictions on their legal capabilities such as entering into contracts.

Contract

A binding legal agreement between two or more parties that is enforceable by law, specifying obligations each must fulfill.

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