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?

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Definitions:

Professional Paralegal Behavior

Refers to the ethical and professional conduct expected of paralegals, including competency, confidentiality, and integrity in legal practice.

Objectivity

The principle of being unbiased and impartial, making decisions and performing assessments based on observable phenomena and uninfluenced by emotions or personal prejudices.

Courtesy

The showing of politeness in one's attitude and behavior toward others.

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