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ECON MACRO 5th Edition by William McEachern
Edition 5ISBN: 978-1305659094ECON MACRO 5th Edition by William McEachern
Edition 5ISBN: 978-1305659094 Exercise 1
ACTIVE VERSUS PASSIVE POLICY Discuss the role that each of the following plays in the debate between the active and passive approaches:
a. The speed of adjustment of the nominal wage
b. The speed of adjustment of expectations about inflation
c. The existence of lags in policy creation and implementation
d. Variability in the natural rate of unemployment over time
a. The speed of adjustment of the nominal wage
b. The speed of adjustment of expectations about inflation
c. The existence of lags in policy creation and implementation
d. Variability in the natural rate of unemployment over time
Explanation
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Active approaches:
Active policy takes ...
ECON MACRO 5th Edition by William McEachern
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