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Why Do Increases in Potential Output Allow Monetary Policymakers to Think

question 99

Essay

Why do increases in potential output allow monetary policymakers to think
"opportunistically" about disinflation?


Definitions:

Special Benefits

Advantages or conveniences granted to a particular group or individual, often unique to their circumstances or status.

Society

A structured community of people bound together by similar traditions, institutions, or nationality.

Logrolling

The trading of votes by legislators to secure favorable outcomes on decisions concerning the provision of public goods and quasi-public goods.

Diminish

To decrease or make smaller in size, importance, or intensity.

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