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ohaa [14]
3 years ago
6

Economist Smith favors an activist monetary policy. He says that if the economy is going to be stabilized over time, it is neces

sary to fine-tune the money supply to the particular economic conditions that exist. What would economist Jones, who favors rules-based monetary policy, say to economist Smith?
Business
1 answer:
VladimirAG [237]3 years ago
4 0

Answer:

Because of long lags, activist monetary policy is likely to be destabilizing rather than stabilizing.

Explanation:

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