Why would more accurate economic forecasting make it easier for policymakers to stabilize the economy? Describe two

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Why would more accurate economic forecasting make it easier for policymakers to stabilize the economy? Describe two ways economists try to forecast developments in the economy.

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Macroeconomics

ISBN: 978-1464168505

5th Canadian Edition

Authors: N. Gregory Mankiw, William M. Scarth

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Question Posted: Dec 31, 2015 01:39 AM

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Why would more accurate economic forecasting make it easier for policymakers to stabilize the economy? Describe two

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Both monetary and fiscal policy work with long lags As a result in deciding whether policy sh...View the full answer

Macroeconomics

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