Problem
1. Explain why many economists, both monetarists and Keynesians, are skeptical of the ability of public policy to stabilize our economy. Indicate why you either agree or disagree with their views.
2. "Decision-makers will eventually come to anticipate continued inflation. Once inflation is anticipated, it becomes increasingly difficult to stabilize prices without causing a major recession. Inflation as a means of promoting short-run expansion is like committing suicide with pep pills." Evaluate this view.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.