Question
Some macroeconomists have argued that it would be beneficial for the government to run a deficit when the economy is in recession, and a surplus
Some macroeconomists have argued that it would be beneficial for the government to run a deficit when the economy is in recession, and a surplus during a boom. Does this make sense? Carefully explain why and why not, using new Keynesian model.
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The Economics of Women Men and Work
Authors: Francine D. Blau, Marianne A. Ferber, Anne E. Winkler
7th edition
978-0190670863, 019067086X, 132992817, 978-0132992817
