Suppose its an election year and that aggregate demand is growing so fast that it threatens to
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Suppose it’s an election year and that aggregate demand is growing so fast that it threatens to set off an inflationary movement. Why might Congress and the president hesitate to cut back on government spending or raise taxes, as economic theory suggests is appropriate?
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In an election year Congress and the president might hesitate to cut back on government spending or raise taxes even if economic theory suggests its a...View the full answer
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Related Book For 
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
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