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: 9781337617390

13th Edition

Authors: Roger A. Arnold

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Question Posted: Nov 02, 2024 04:00 AM

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

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Macroeconomics

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