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Macroeconomics 10th Edition by William McEachern
Edition 10ISBN: 978-1133188131Macroeconomics 10th Edition by William McEachern
Edition 10ISBN: 978-1133188131 Exercise 10
RATIONAL EXPECTATIONS Suppose that people in an election year believe that public officials are going to pursue expansionary policies to enhance their reelection prospects. How could such expectations put pressure on officials to pursue expansionary policies even if they hadn't planned to?
Explanation
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Expansionary policy:
Expansionary polic...
Macroeconomics 10th Edition by William McEachern
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