What is responsibility of government to address fluctuations


Problem

Economic fluctuations, whether from CoVid-19 or from mismanagement of the economy (The Great Recession), always cause significant problems for the economy. That means, the fluctuations cause significant problems for the average person. The cost-push inflation in the late 1970s made investment impossible because interest rates soared past 15% for a period of time. The loss of employment in 2020 from CoVid-19 and during the Great Recession means (meant) loss of income, with concurrent loss of homes, personal property, and often even resulted in homelessness.

What is the responsibility of government to address these fluctuations? How should the average person dealt with these issues. How serious are the problems today compared to the Great Recession or the early 1980s? Is the stock market reflecting real value of the economy, or is it inflated?

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Macroeconomics: What is responsibility of government to address fluctuations
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