2 households use historical experience to adjust

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Unformatted text preview: use historical experience to adjust Households behavior ahead of government policy behavior Changes in government policy unlikely to Changes achieve desired effects achieve D. Integrating Monetary Theories 1. 2. Congress appears trapped in Keynesian policy Congress initiatives initiatives Federal Reserve appears to be attempting to Federal minimize effects of government policy minimize Dr. David P. Echevarria All Rights Reserved 4 RELATIONSHIP OF MONEY RELATIONSHIP SUPPLY AND ECONOMY A. Decline in real growth...
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