Why do economists place such importance on the role of expectations in macroeconomic policy?

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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Question Posted: Apr 26, 2024 02:01 AM

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Why do economists place such importance on the role of expectations in macroeconomic policy?

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Economists place significant importance on the role of expectations in macroeconomic policy because expectations play a crucial role in shaping economic behavior and outcomes Expectations refer to ind...View the full answer

Economics

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