Modern economic understanding allows us to avoid economic booms and busts, although political constraints prevent the needed policies from being implemented.

Question

Quizplus · Accepted Answer

While economic theory and data analysis have improved over time, it is still not possible to completely avoid economic booms and busts. Additionally, even if the necessary policies to prevent such fluctuations were understood, political constraints and differing ideological views prevent them from being implemented consistently.

Modern Economic Understanding Allows Us to Avoid Economic Booms and Busts