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Assume that the government is planning to increase spending on healthcare by 15 percent. Explain to a public audience, i.e., which does not necessarily have
Assume that the government is planning to increase spending on healthcare by 15 percent. Explain to a public audience, i.e., which does not necessarily have any background in economics:
What would be the effect of this increase in public expenditure on GDP?
Do you think that this effect may vary depending on whether the economy is in a recession or in a boom?
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