In an opinion column on bloomberg.com discussing modern monetary theory (MMT), Noah Smith observes that, The MMT

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In an opinion column on bloomberg.com discussing modern monetary theory (MMT), Noah Smith observes that, “The MMT economists . . . would have the U.S. dramatically change its whole approach to macroeconomic policy.”

a. In what ways would MMT advise U.S. policymakers to change their approach to macroeconomic policy?

b. What objections have some mainstream economists raised to MMT?

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Economics

ISBN: 9781292430645

8th Global Edition

Authors: R. Glenn Hubbard, Anthony P. O'Brien

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Question Posted: Mar 07, 2024 01:00 AM

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In an opinion column on bloomberg.com discussing modern monetary theory (MMT), Noah Smith observes that, The MMT

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Answer Lets address each question a Modern Monetary Theory MMT advocates for a fundamentally different approach to macroeconomic policy compared to ma...View the full answer

Economics

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