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a. Why might federal spending on roads, waterways, or national security be less subject to direct expenditure offsets than spending on health care or education?
a. Why might federal spending on roads, waterways, or national security be less subject to direct expenditure offsets than spending on health care or education?
b. What might account for the fact that estimates of effect time lags for fiscal policy often differ considerably across different types of government expenditures?
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