What is the role of the state in an economic crisis?
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The Economic Role of Government: Focus on Stability, Not Spending. ... Sound macroeconomic policies enhance the credibility of the governmentand strengthen the political institutions. This credibility is vital for economic stability and Americans' long-term investment decisions that allow the U.S. economy to flourish.
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The role of the state could change from providing public services to evidently regulating particular sectors of the market. ... be compared with shortcomings in government programs. Also, where capable, the government can intervene with its regulatory power.
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