Why Do Some Economists, Who Favour Government Intervention to Address

question 37

Essay

Why do some economists, who favour government intervention to address high unemployment or demand-pull inflation, nonetheless reject the use of fiscal policy?

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Definitions:

Constitutional Protection

Safeguards guaranteed by a constitution that protect the rights and freedoms of individuals and entities against infringements by the government.

Informational Function

The role of providing valuable data or knowledge to individuals or entities, facilitating informed decision-making.

Due Process Clause

A constitutional guarantee under the Fifth and Fourteenth Amendments that legal proceedings will be fair and that one will be given notice and an opportunity to be heard.

Social Security

A government program designed to provide financial assistance to individuals during retirement, disability, or upon the death of a spouse or parent, funded through payroll taxes.