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Category: Miscellaneous
Word Count: 596
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economics

We should not have an expansionary (easy) monetary

policy

     The media frequently take central banks to task for failing to encourage real economic growth. Usually, such criticisms center on the business cycle, with analysts calling for monetary ease when growth falls below its recent trend and, somewhat ironically, chiding policymakers for responding too quickly when growth rises above trend. Recently, with long-term U.S. economic growth apparently slowing, the focus of these criticisms
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