6. During a recession, some workers would urge the government to increase its purchases temporarily (for example,

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6. During a recession, some workers would urge the government to increase its purchases temporarily

(for example, by building roads) so as to increase employment and raise wages. If you were a classical economist, would you agree with this statement?

Explain your answer in terms of the labor market, the FE–IS–LM model, and the practical difficulties associated with this approach.

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Macroeconomics

ISBN: 9781292446127

11th Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore

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Question Posted: Nov 11, 2024 08:01 AM

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6. During a recession, some workers would urge the government to increase its purchases temporarily (for example,

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Macroeconomics

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