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Monetary policy actions by the fed are: more effective in an expansionary direction than they are in a restrictive direction more effective in a restrictive direction than they are in an expansionary

Monetary policy actions by the fed are: more effective in an expansionary direction than they are in a restrictive direction more effective in a restrictive direction than they are in an expansionary direction equally effective in both expansionary and restrictive directions only effective when coupled with fiscal policy actions

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