What are the benefits and the cost of using a passive approach or an active approach when conducting economic policy

What are the benefits and the cost of using a passive approach or an active approach when conducting economic policy? Please be sure to state both the benefits and the costs for both approaches.

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When conducting an active economic policy management, there are certain advantages that one should be expecting from this process which vary from the fact that the analysis are conducted in an exert manner. This means that, decisions are made out of experienced judgment which enables them to make informed judgment concerning economic policy management. The economic policies are conducted out of experience…

APA

408 words

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