Same level of fiscal and monetary policy can be generated by _________________________________________, but the composition of GDP will be different in each case.
A)more than one mix of fiscal and monetary policy
B)only fiscal policy
C)monetary policy
D)none of these

Question

Quizplus · Accepted Answer

There can be more than one mix of fiscal and monetary policy that can result in the same level of fiscal and monetary policy. However, the composition of GDP, which includes factors such as government spending, taxation, interest rates, and money supply, will vary depending on the specific mix of policies implemented.

Same Level of Fiscal and Monetary Policy Can Be Generated