The potential conflict between economic policy and political objectives can be used to explain:

Question

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The political business cycle refers to the phenomenon where politicians manipulate economic policy to influence the timing of elections. This is often done to create a favorable economic climate leading up to an election in order to increase the chances of re-election. However, this can lead to conflicts with long-term economic objectives and stability, as policies may not be implemented in the most efficient and effective manner.

The Potential Conflict Between Economic Policy and Political Objectives Can