Which goal of the dual mandate, inflation or unemployment, is more important to achieve? Why?

 Is income inequality an issue demanding a "solution" or is it merely a convenient issue for politicians to use to create "talking points" toward their re-election? 

 Is it getting harder or easier to apply effective macro policy? Why? Are there differences between fiscal and monetary in terms of this question?

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the importance of achieving either inflation or unemployment goals of the dual mandate depends on the prevailing economic conditions and the broader p... View the full answer