Current goal of economic policymakers

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The work by Milton Friedman altered the consensus that had developed in the aftermath of the Great Depression on how the economy should be managed. As a result, the current goal of economic policymakers is to:

reduce the magnitude of both downturns and upturns.

only act if an economic downturn seems likely.

only act if the economy seems to be developing inflationary pressures.

Reference no: EM13733296

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