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What is the main reason why monetary policy has lags?
Conducting Lives
Refers to the manner in which individuals lead their daily existence, including their choices, actions, and priorities.
Virtues
are moral excellences or desirable traits that encompass qualities such as honesty, courage, compassion, and integrity, considered beneficial for individual character and societal harmony.
Ethical Knowledge
Understanding of moral principles and how they apply to one’s conduct.
Aristotle
An ancient Greek philosopher and scientist, whose works cover a wide range of subjects, including politics, metaphysics, ethics, and logic.
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