Yes and no. At the end of the day, there is a certain natural demand for goods/services and a natural production capacity.
Suppressing demand below natural production capacity is just chopping of your own arm. That's why Interest rates are the Big(O) factor it is made out to be. It is always government policies
-- allow economy to operate at full capacity
-- don't print (borrow) money more than full capacity
Suppressing demand below natural production capacity is just chopping of your own arm. That's why Interest rates are the Big(O) factor it is made out to be. It is always government policies
-- allow economy to operate at full capacity
-- don't print (borrow) money more than full capacity