What did Milton Friedman mean by his criticism of stabilization policy when be compared it to a "fool in the shower?"
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Q35: Q36: Why is it said that changes in Q37: Explain the use of stabilization policy. Q38: Explain why stagflation is a more difficult Q39: Explain why the implementation lag for fiscal Q41: Why might it be imprudent for policy Q42: Explain the Federal Reserve's policy that is Q43: Why would a balanced budget amendment to Q44: Identify the time lags that are associated Q45: Assume an economy where the deficit response
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