... . However, in 2011 the rate jumped to 3.2%, showing that erratic behaviors don't lead to long-term benefits. While advocates of Keynesian economics will argue that private sector decisions sometimes lead to inefficient macroeconomic outcomes, monetary policy actions by a central bank and fiscal policy actions by the government are needed to stabilize output over the business cycle. Except isn't it a business cycle? Consequently meaning ... through China - forcing up food prices and inflating a rapidly expanding real estate bubble. Then eventually leading to a consumer price inflation rat...

• Word Count: 663
• Approx Pages: 3
• Grade Level: Undergraduate