Explain the main arguments in favor of economic stabilization during recessions. Explain why policy lags could make stabilization policies...

The main
argument for economic stabilization during recessions would be that it is the government's
obligation to stabilize the economy because that is in the interest of the people the government
is supposed to protect. Recessions have human impactsthey put people out of work, lead to
bankruptcies, and disrupt lives in many other ways. Many people argue that governments have a
moral obligation to act in the face of economic downturns. Others argue that government
intervention in recessions...

href="https://www.econlib.org/library/Enc/FiscalPolicy.html">https://www.econlib.org/library/Enc/FiscalPolicy.html