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According to the Great Moderation consensus, the effectiveness of economic policy is limited by the political business cycle.
Q49: (Figure: Equilibrium in the Money Market) Refer
Q76: If the target rate of interest is
Q109: The cost of disinflation is the:<br>A) leftward
Q157: Economists who agree with the Great Moderation
Q175: (Figure: A Money Market) Refer to Figure:
Q182: The Great Moderation consensus is that discretionary
Q248: In the long run, an increase in
Q290: Foreign exchange controls are the same thing
Q343: All other things equal, a contractionary monetary
Q368: When a currency becomes more valuable in