In 2019, a columnist for the Wall Street Journal observed, You can boost economic growth in the

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In 2019, a columnist for the Wall Street Journal observed, “You can boost economic growth in the short-run by juicing demand, such as with tax cuts or spending increases. But you can only sustain faster growth in the long-run with more workers producing goods and services more efficiently.”

a. Briefly explain whether you agree with the columnist’s reasoning. 

b. What policies might increase worker productivity in the long run?  

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Economics

ISBN: 9780135957554

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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