Evaluate the following statement: In an important sense, the term policy irrelevance proposition is misleading because even

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Evaluate the following statement: "In an important sense, the term policy irrelevance proposition is misleading because even if the rational expectations hypothesis is valid, economic policy actions can have significant effects on real GDP and the unemployment rate."
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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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