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What were the factors that led to the adoption of modern monetary and fiscal policies

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter17: Stabilizing The National Economy

Section: Chapter Questions

Problem 19AA

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Question

1. What were the factors that led to the adoption of modern monetary and fiscal policies?

2. Why was the US economy so disinflationary and deflationary in the 1800s?

3. What prompted the creation of the Federal Reserve System?

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Step 1: Define Modern Monetary and Fiscal Policies:

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Step 2: Define Factors Leading to Adoption of Modern Monetary and Fiscal Policies:

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Step 3: Identify Factors Leading to Adoption:

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Don't give me very long answer !!!!!!

2. Why was the US economy so disinflationary and deflationary in the 1800s?

3. What prompted the creation of the Federal Reserve System?

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