Economists predict the business cycle well enough that stabilization policy is likely to work despite lags in the effects of policy.

Business Cycle

Fluctuations in economic activity, such as employment and production

Stabilization Policy

Government strategies aimed at reducing economic volatility and maintaining stable economic growth, including measures such as fiscal and monetary policy adjustments.

Economists

Professionals who study the production, distribution, and consumption of goods and services, often analyzing economic issues and policies.