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Basic Question 1 of 4

If the economy is in a recession, ______

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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Lina

Lina

Learning Outcome Statements

explain the interaction of monetary and fiscal policy

CFA® 2025 Level I Curriculum, Volume 1, Module 4.