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    Principles of Macroeconomics Study Set 11
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    Exam 15: Financial Crises, Stabilization, and Deficits
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    Explain with the Use of Milton Friedman's "Fool in the Shower
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Explain with the Use of Milton Friedman's "Fool in the Shower

Question 11

Question 11

Essay

Explain with the use of Milton Friedman's "fool in the shower" analogy why policy makers efforts to combat recession often do not work.

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The problem is that policy makers often ...

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