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Solved: What debates has the modern consensus resolved What debates has it not resolved
Chapter 0, Problem 1(choose chapter or problem)
QUESTION:
What debates has the modern consensus resolved? What debates has it not resolved?
Questions & Answers
QUESTION:
What debates has the modern consensus resolved? What debates has it not resolved?
ANSWER:Step 1 of 2
The modern consensus in macroeconomics believes in the effectiveness of both monetary and fiscal policy in attaining stabilization in the short run. However, it considers that neither of the policies has the capacity to reduce unemployment in the long run.