5. In the real world, it is wrong to expect that fiscal policy will be symmetric. Politicians...

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5. "In the real world, it is wrong to expect that fiscal policy will be symmetric.

Politicians will be glad to run a deficit during bad times to stimulate the economy, but they will surely fail to plan a surplus when it is needed to halt inflationary pressures.

Thus, fiscal policy has an inflationary bias." Do you agree with this view? Why or why not?

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Macroeconomics Private And Public Choice

ISBN: 9780123110701

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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Question Posted: Oct 25, 2024 09:08 AM

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5. In the real world, it is wrong to expect that fiscal policy will be symmetric. Politicians...

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Macroeconomics Private And Public Choice

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