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How was the experience of the 1970s taught economists

Assignment Help Macroeconomics
Reference no: EM132422489

Question 1: How was the experience of the 1970s taught economists?

Question 2: What are the limitations of fiscal policy?

Question 3: Why do proponents of active policy recommend government intervention to close an expansionary gap?

Question 4: Why might an active policy approach be more politically popular than a passive approach, especially during a recession?

Question 5: Some economists argue that only unanticipated increases in the money supply can affect real GDP. Explain why this may be the case.

Reference no: EM132422489

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