1.2 It has been said that the policy ineffectiveness proposition (connected with new classical theory) does not...

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1.2 It has been said that the policy ineffectiveness proposition

(connected with new classical theory) does not eliminate policymakers’ ability to reduce unemployment through aggregate demand-increasing policies because they can always increase aggregate demand by more than the public expects.What might be the weak point in this argument?

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Economics

ISBN: 978-0324538014

8th Edition

Authors: Roger A Arnold

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