The policy irrelevance proposition suggests that the policy effects on the economy primarily occur as a result of

Question

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The policy irrelevance proposition states that policy effects on the economy are often overshadowed by factors such as technological changes, global events, and market dynamics. Therefore, policy mistakes or misjudgment of policies can have a greater impact on the economy than the policies themselves.

The Policy Irrelevance Proposition Suggests That the Policy Effects on the Economy