Economic policies are often designed to soften the business cycle. These policies are meant to raise toughs
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Economic policies are often designed to “soften” the business cycle. These policies are meant to raise toughs and reduce the peaks. Why might economic policy be designed to reduce peaks in aggregate output?
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Economic policy may be designed to reduce peaks in aggregate output for several reasons 1 Inflation control Peaks in aggregate output often coincide w...View the full answer
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Related Book For 
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster
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