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Common Sense Suggests (And Macroeconomists Agree!)that Sustained Economic Growth Over

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Common sense suggests (and macroeconomists agree!)that sustained economic growth over extended time periods is more important than the economy's short-term fluctuations.Why,then,do macroeconomists (and policymakers,and the general public)care so much about the business cycle?

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One reason is impatience.Periods of high...

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