Why are discretionary policies to eliminate unemployment more likely to lead to inflation than nondiscretionary policies?

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The Economics Of Money Banking And Financial Markets

ISBN: 9780321584717

4th Canadian Edition

Authors: Frederic S. Mishkin, Apostolos Serletis

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Question Posted: Nov 07, 2023 04:32 AM

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Why are discretionary policies to eliminate unemployment more likely to lead to inflation than nondiscretionary policies?

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Discretionary policies to eliminate unemployment are more likely to lead to inflation than nondiscretionary policies because of the following reasons ...View the full answer

The Economics Of Money Banking And Financial Markets

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