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What is mean by stabilization policy?
Taming the Business Cycle:
To decrease the severity of recessions policy efforts undertaken are termed as stabilization policy.
a. One form of stabilization policy is monetary policy, changes within the quantity of money or the interest rate.
b. The second form of stabilization policy is fiscal policy, changes within tax government or policy spending, or both.
What is the Infant Industry argument? Several governments seek to protect involving industries by premature competition. Infant industries have potential comparative benefit b
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Why are countries that let people respond to the inborn profit motive better off than those countries that do not?
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Does aid improve development? Aid improves development as: • Aid is utilized to increase productive capacity and the advantages of resultant growth is extensively spread an
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