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    Exam 19: Current Issues in Macro Theory and Policy
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    Explain the Mainstream Economists' Justification for the Use of Discretionary
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Explain the Mainstream Economists' Justification for the Use of Discretionary

Question 94

Question 94

Essay

Explain the mainstream economists' justification for the use of discretionary fiscal and monetary
policy and their criticisms of policy rules.

Correct Answer:

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Mainstream economists think that discret...

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