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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Does the PIP always hold?

To determine

The policy ineffectiveness proposition.

Explanation

No. The policy ineffective proposition (PIP) only happens at certain conditions when the expansionary monetary policy and the expansionary fiscal policy are ineffective to increase the real GDP...

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