Shortly before leaving her position as chair of the Presidents Council of Economic Advisers in the Obama
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Shortly before leaving her position as chair of the President’s Council of Economic Advisers in the Obama administration, Christina Romer observed:
“The only surefire ways for policymakers to substantially increase aggregate demand in the short run are for the government to spend more and tax less.” Which policymakers was Romer referring to? Briefly explain why the government’s spending more and taxing less increases aggregate demand.
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Related Book For
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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