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marysya [2.9K]
3 years ago
7

discuss the use of monetary and fiscal policies to influence demand and supply the smoothing of business cycle(28 marks)​

Social Studies
2 answers:
SSSSS [86.1K]3 years ago
7 0

Answer:

The principal aim of fiscal and monetary policy is to reduce cyclical fluctuations in the economic cycle. In recent years, governments have often relied on monetary policy to target low inflation. ... e.g. Expansionary fiscal policy involves tax cuts, higher government spending and a bigger budget deficit.

hope this helps please mark me brainiest

Julli [10]3 years ago
5 0

Answer:I’m sorry i don’t know the answer to this question good luck though

Explanation:

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Iteru [2.4K]

Answer:

The last statement

Explanation:

Goods and services are said be elastics when there are more substitute for the goods or such services , when there are substitutes what does that mean, that means there are competitors for that good or service and relatively there is going to be price variations and fall of prices which determines the elasticity of such goods and services.

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Relating to the question, for the demand of massages to be elastics explains that there are close services to it, and for there to exist a close substitute, it means that there are competitors for the services and possibly a price fall, from here, we can say, massages are cheaper has the demand becomes more elastic compared to chiropractic adjustment which is less elastic compared to massages .

The last statement is the answer that explains the question.

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