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Question
Why is monetary policy often the preferred way to address an economic crisis?a. because even though it is hard to implement, it has fewer long-term consequences than deficit spending.
b. because it is both easy to implement and has fewer long-term consequences than deficit spending
c. because it is both easy to implement and has fewer long-term consequences than regulatory policies
d. because monetary policy can lower taxes, which increases consumer spending and quickly stimulates the economy
e. because monetary policy can quickly put more money directly into the hands of the wealthy who then save it
Answer
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