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Key Concepts in Monetary and Fiscal Policy: Exam Study Guide

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The Functions of Money; The Kinds of Money

Required Reserves and the Deposit Multiplier

Goals of Monetary Policy

Monetary Policy and Aggregate Demand

Dynamic AD-AS Model: Monetary Policy

Expansionary and Contractionary Monetary Policy

Introduction to Fiscal Policy

Expansionary and Contractionary Fiscal Policy

Dynamic AD-AS Model: Fiscal Policy

Government Purchases and the Multiplier Effect

Taxes, the Multiplier Effect, and Automatic Stabilizers