The policy ineffectiveness proposition (connected with new classical theory) does not eliminate policy makers ability to reduce

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“The policy ineffectiveness proposition (connected with new classical theory) does not eliminate policy makers’ 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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Macroeconomics

ISBN: 9780324785500

9th Edition

Authors: Roger A. Arnold

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