Politicians sometimes have the incentive to take advantage of the differences between the short-run and long-run effects of economic policies to improve their chances of being reelected.

Question

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Politicians may implement policies that have immediate benefits for voters in the short-run, despite the fact that they may have negative long-term consequences. This can be a strategic move to gain popularity and increase their chances of being reelected.

Politicians Sometimes Have the Incentive to Take Advantage of the Differences