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Assume that there is concern that the economy

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Assume that there is concern that the economy is not recovering from the current recession due to a high unemployment rate. Consequently, the President and Congress are considering the passage of another stimulus package for $200 billion. This package will be targeted towards decreasing unemployment and maintaining the current level of low inflation. How would you structure such a stimulus package? What would a classical economist?s approach to this problem be, and how would it differ from a Keynesian?s approach? Explain your answer and justify your conclusions.

 

Paper#29559 | Written in 18-Jul-2015

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