If the government knew the level of potential income and had sufficient information about the economy (i.e., the mpe, and such), it could fine-tune the economy.

Question

Quizplus · Accepted Answer

Fine-tuning the economy is challenging due to the complexity and unpredictability of economic systems, even with sufficient information. External shocks, time lags, and unintended consequences can hinder precise control.

If the Government Knew the Level of Potential Income and Had