Government failure can occur if policymakers make "honest mistakes."
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Q67: There is government failure when
A) policymakers are
Q68: The hands-off camp generally believes that business
Q69: The hands-off camp generally believes that
A) supply
Q70: If J.B. Say were alive today and
Q71: Macroeconomists agree
A) that prices and markets adjust,
Q73: Government failure can make business cycles worse.
Q74: Who said, "In the long run, we
Q75: The hands-off camp believes that business cycles
Q76: The hands-on camp generally believes that business
Q77: During the Global Financial Crisis, all of
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