Does the Midnight Economist have much faith in minimizing the adverse consequences of supply shocks via fine

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Does the Midnight Economist have much faith in minimizing the adverse consequences of supply shocks via “fine tuning?” Why? Assuming fine tuning could help social coordination sometimes, but could hurt us at other times, how would you decide whether you favored policy activism or stable policy rules?

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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