3.1 Proponents of active monetary and fi scal policy view the economy as inherently unstable and believe

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3.1 Proponents of active monetary and fi scal policy view the economy as inherently unstable and believe that contractionary and expansionary fi scal and monetary policy can stabilize the economy. Critics believe that lags and uncertainty make stabilization polices more often counterproductive.

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Survey Of ECON

ISBN: 9780538478090

1st Edition

Authors: Robert L. Sexton

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