Greenspan
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ESSAY DETAILS
Words: 368
Pages: 1
(approximately 235 words/page)
Pages: 1
(approximately 235 words/page)
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showed first 75 words of 368 total
showed last 75 words of 368 total
…employment in the long run, it can affect them in the short run. For example, when demand occurs and there is a recession, the Fed can stimulate the economy and help push it back toward its long run level of output by lowering interest rates. Therefore, in the short run, the Feds are concerned with stabilizing the economy. That is, smoothing out the peaks and valleys in output and employment around their long-run growth paths.
…employment in the long run, it can affect them in the short run. For example, when demand occurs and there is a recession, the Fed can stimulate the economy and help push it back toward its long run level of output by lowering interest rates. Therefore, in the short run, the Feds are concerned with stabilizing the economy. That is, smoothing out the peaks and valleys in output and employment around their long-run growth paths.
