The idea of the Fed having to choose between hawk and dove policies in Figure 5 is
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“The idea of the Fed having to choose between hawk and dove policies in Figure 5 is silly. All the Fed has to do is shift the AS curve back to its original position, which would prevent both recession and inflation.” Do you agree? Why or why not?
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Related Book For
Macroeconomics Principles and Applications
ISBN: 978-1111822354
6th edition
Authors: Robert E. Hall, Marc Lieberman
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