Explaining problem identification and formulation

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Q1) Assume that the economy has been going through a long period of demand-side inflation. The government decides to try to stop the inflation by means of restrictive monetary and fiscal policies. Should it make the required policy changes with as little fanfare as possible, or should it publicize them widely? Will it make any difference? Why or why not?

Q2) The most challenging aspect of the decision making process and the most important is problem identification and formulation. What is your opinion?

Reference no: EM1333998

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