Question
Consider the current economic conditions in Australia, where (eventhough official data is not yet in) current output (real GDP) is currently below potential GDP. Can
Consider the current economic conditions in Australia, where (eventhough official data is not yet in) current output (real GDP) is currently below potential GDP.
Can the existence of a fiscal multiplier help the government in terms of its commitments to reach potential GDP level of output? Provide a brief example.
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The Levelling What's Next After Globalization
Authors: Michael O'Sullivan
1st Edition
1541724089, 9781541724082
