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What is the policy mix? Explain why governments and centrals banks use a policy mix when...

What is the policy mix? Explain why governments and centrals banks use a policy mix when either one on its own could achieve the desired increase in output. Is it true that sometimes, the right mix is to use fiscal and monetary policy in the same direction? Explain in detail with an example and graphical illustration (suppose there is a simultaneous increase in government spending and increase in the money supply).

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