An economist remarks, In the 1960s, using fiscal policy would have been a better way to stabilize

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An economist remarks, “In the 1960s, using fiscal policy would have been a better way to stabilize the economy, but I believe that monetary policy is better today.” What has changed about the U.S. economy that might have led the economist to this conclusion?

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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