policy and policymakers
- Created by: J22333a
- Created on: 07-03-23 13:28
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- The effects of macroeconomic policies are always uncertain.
- This uncertainty should lead policymakers to be
- more cautious and to use less active policies.
- Policies must be broadly aimed at avoiding prolonged recessions, slowing down booms and avoiding inflationary pressure.
- The higher the level of unemployment or inflation, the stronger the policies should…
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