In 2010, Tim Geithner, Treasury secretary at the time, published an article defending the administrations policies. In

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In 2010, Tim Geithner, Treasury secretary at the time, published an article defending the administration’s policies. In it he said, “The recession that began in late 2007 was extraordinarily severe. But the actions we took at its height to stimulate the economy helped arrest the free fall, preventing an even deeper collapse and putting the economy on the road to recovery.”

Which two of the three principles of economy-wide interaction are at work in this statement?

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Macroeconomics

ISBN: 9781464110375

4th Edition

Authors: Paul Krugman, Robin Wells

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