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Refer to the two predominant roles for Government that are depicted in Slides 2 (The Capitalist State Cycle) or 3 (The Welfare State Cycle) of
Refer to the two predominant roles for Government that are depicted in Slides 2 (The Capitalist State Cycle) or 3 (The Welfare State Cycle) of Module 3 Notes. In context of which of the two predominant roles for Government would you expect firms' cost of capital, that is, cost of raising financing for projects to be higher - the Capitalist State Cycle, or Welfare State Cycle?
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