Activists argue that monetary policy should be deliberately used to smooth out the business cycle, while nonactivists

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Activists argue that monetary policy should be deliberately used to smooth out the business cycle, while nonactivists argue against discretionary monetary policy.
1. List the reasons why activists advocate discretionary monetary policy.
2. List the reasons why nonactivists advocate rules-based monetary policy.
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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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