Suppose That Changes in Aggregate Demand Tended to Be Infrequent

question 138

Essay

Suppose that changes in aggregate demand tended to be infrequent and that it takes a long time for the economy to return to long-run output. How would this affect the arguments of those who oppose using policy to stabilize output?

---

Definitions:

Quick Forgetfulness

The rapid loss or inability to retain information or memory shortly after it's obtained.

Nature of Listening

Refers to the characteristics and processes involved in giving attention to and understanding auditory stimuli.

New Items

Recently introduced products or updates to an existing product line.

Future Meeting

A scheduled gathering or assembly that is planned to take place at a later date.