Define the following terms and explain their importance to the study of macroeconomics.
a. the relationship between interest rates and velocity
b. lags in stabilization policy
c. rules versus discretion

Question

Define the following terms and explain their importance to the study of macroeconomics. 
a. the relationship between interest rates and velocity 
b. lags in stabilization policy 
c. rules versus discretion

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The Answer of Define the following terms and explain their importance to the study of macroeconomics. 
a. the relationship between interest rates and velocity 
b. lags in stabilization policy 
c. rules versus discretion

Define the Following Terms and Explain Their Importance to the Study