The political business cycle implies all of the following, Ask an Expert

Economics

The political business cycle implies all of the following EXCEPT that:

a) politicians pumping up the economy in an election year make the economy less stable.

b) monetary policy is ineffective if inflation is high.

c) discretionary fiscal policy should be avoided.

d) central banks should be independent of politics.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91669719

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