Some macroeconomists have argued that it would be beneficial for the government to run a deficit when

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Some macroeconomists have argued that it would be beneficial for the government to run a deficit when the economy is in a recession, and a surplus during a boom. Does this make sense? Carefully explain why or why not, using the New Keynesian model.

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Macroeconomics

ISBN: 978-0132991339

5th edition

Authors: Stephen d. Williamson

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