The idea that hysteresis plays a role in macroeconomics implies that A. monetary policy can have an
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Question:
The idea that hysteresis plays a role in macroeconomics implies that
A. | monetary policy can have an effect on the long-run rate of unemployment. | |
B. | workers can overreact to changes in monetary policy. | |
C. | stabilization policy is ineffective and counterproductive. | |
D. | fiscal policy is ineffective and counterproductive. |
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