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Shortly after President Biden took office, bipartisan hopes were raised of a $1 trillion infrastructure plan that the president said he'd like to see implemented.
Shortly after President Biden took office, bipartisan hopes were raised of a $1 trillion infrastructure plan that the president said he'd like to see implemented. The hopes have gone. The president's $4.1 trillion budget now proposes spending of $200 billion in infrastructure over the next 10 years. Using the Aggregate Supply and Aggregate Demand model, explain the effects of $1 trillion in infrastructure spending on employment and unemployment.
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