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Describe the role, including limitations, that you see fiscal policy playing in an economic downturn. Is it wiser, in your opinion, to rely on built-in

  • Describe the role, including limitations, that you see fiscal policy playing in an economic downturn.
  • Is it wiser, in your opinion, to rely on built-in stabilizers to moderate fluctuations in economic activity rather than utilizing more activist discretionary policies designed to offset sudden declines in GDP?

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