policy and policymakers

  • Created by: J22333a
  • Created on: 07-03-23 13:28
  • 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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