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N2 According to www.USAspending.govLinks to an external site., the federal government has spent $3.8 trillion dollars in stimulus expenditures. Has the economic impact on GDP
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According to www.USAspending.govLinks to an external site., the federal government has spent $3.8 trillion dollars in stimulus expenditures. Has the economic impact on GDP been larger or smaller than the $3.8 trillion dollars in outlays? Explain how this fiscal policy affect the AS-AD model.
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