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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Both activists and nonactivists make good points for their respective positions. Do you think activists could say anything to nonactivists to convince them to accept the activist position, and vice versa? If so, what is it that they would say? If not, why not?

To determine

The arguments of activists and non-activists.

Explanation

No, it is practically not possible to convince the non-activists. This is because according to the activists, the market economy is not self-stabilizing. A significant role is played by the government or the monetary authority in using discretionary policy to attain the macroeconomic goals of fighting inflation and unemployment...

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