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7 years ago
The statement, "With a permanent adverse supply shock, the government should engage in extinguishing policy changes," is true only if
A) the social costs of higher inflation are small and less than the social cost of less output.
B) the social costs of lost output are less than the social cost of permanently.
C) accommodating policy is impossible to conduct.
D) neutral policy is impossible to conduct.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
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thecromthecrom
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7 years ago
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Scribs Author
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7 years ago
Smart ... Thanks!
sakoon
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Just got PERFECT on my quiz
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This calls for a celebration Person Raising Both Hands in Celebration
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