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If the federal reserve is late to recognize a recession and implements an expansionary policy too​ late, the result could be an increase in inflation during the beginning of the next phase. even though the goal had been to reduce the severity of the​ recession, the poor timing caused another​ problem: inflation. this is an example of what type of​ policy

1 Answer

5 votes
I think it's monetary policy?
User Willem Bressers
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