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Define multiplier effects, based on Keynesian Fiscal policy. When economy falls into a recession, what kind of fiscal policy is needed? Give a specific tool
Define multiplier effects, based on Keynesian Fiscal policy.
When economy falls into a recession, what kind of fiscal policy is needed? Give a specific tool of fiscal policy.
Discuss the long run effects of "Crowding out" due to a short run expansionary fiscal Policy.
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