Suppose the economy is in a recessionary gap, and both Smith and Jones advocate expansionary fiscal policy.

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Suppose the economy is in a recessionary gap, and both Smith and Jones advocate expansionary fiscal policy. Does it follow that both Smith and Jones favor so-called big government?

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:23 AM

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Suppose the economy is in a recessionary gap, and both Smith and Jones advocate expansionary fiscal policy.

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Not necessarily Expansionary fiscal policy only results in permanently large...View the full answer

Economics

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