Many economic policies fail because Measurement difficulties prevent policymakers from correctly identifying what is happening in the economy. Forecasts are usually inaccurate. There are time lags in response to policies. Political objectives often conflict with good economic policies. All of the answers are correct

Many economic policies fail because Measurement difficulties prevent policymakers from correctly identifying what is happening in the economy. Forecasts are usually inaccurate. There are time lags in response to policies. Political objectives often conflict with good economic policies. All of the answers are correct

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter14: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, And Sources Of Business Cycles

Section: Chapter Questions

Problem 7E

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