Suppose that the U.S. federal government has borrowed $500 billion to expand its total spending on goods
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Suppose that the U.S. federal government has borrowed $500 billion to expand its total spending on goods and services across the entire economy in an effort to boost by $500 billion the aggregate production by the nation’s firms. Would we apply microeconomic or macroeconomic analysis to analyze this policy action?
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This policy action involves billions o...View the full answer
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