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8. Assume that the US is in a recession and Congress wants to promote full-emplogent over the next year or two. One policy suggested is

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8. Assume that the US is in a recession and Congress wants to promote full-emplogent over the next year or two. One policy suggested is to try to increase net export spending. Consequently, Congress enacts legislation to provide export subsidies to lower the cost of US exports and enacts tariffs on imports. a) Explain in detail why this legislation will be effective or ineffective in moving the economy towards lll-emgloxmentl O

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