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Which of the following best describe controversies surrounding the pursuit of price level stability? Check all that apply. By focusing on inflation, the Fed might
Which of the following best describe controversies surrounding the pursuit of price level stability? Check all that apply. By focusing on inflation, the Fed might take its eye off unemployment. Excessively contractionary monetary policy impedes economic growth and job creation. It is hard to determine exactly what price level is optimal. It is hard to determine what level of employment is high enough
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