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Basic Question 1 of 4
If the economy is in a recession, ______
B. fiscal policy will be more effective than monetary policy.
C. it's not clear which policy will be more effective.
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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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
explain the interaction of monetary and fiscal policy
CFA® 2025 Level I Curriculum, Volume 1, Module 4.