9. Is stability in the general level of prices through time important? Why or why not? Should...

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9. Is stability in the general level of prices through time important?

Why or why not? Should price stability be the goal of monetary policy? Should monetary policy-makers try to shift monetary policy in a manner that will smooth the ups and downs of the business cycle? Explain your responses.

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Macroeconomics Private And Public Choice

ISBN: 9781111970628

14th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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