Which of the following explains why economic booms and busts cannot be avoided?
A) The effects of fiscal and monetary policies will never be completely understood.
B) The time lags of both fiscal and monetary policies make eliminating boom/bust cycles impossible.
C) Economic booms/busts could be avoided, if politicians would put good economics ahead of good politics.
D) The economy is always being struck by unavoidable shocks.
Correct Answer:
Verified
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