In the early stages of the Keynesian revolution, macroeconomists emphasized fiscal policy as the most powerful and
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In the early stages of the Keynesian revolution, macroeconomists emphasized fiscal policy as the most powerful and balanced remedy for demand management. Gradually, shortcomings of fiscal policy became apparent. The shortcomings stem from timing, politics, macroeconomic theory, and the deficit itself.” What is the meaning of this statement by Nobel Laureate Paul Samuelson? Is the statement true?
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In the early stages of the Keynesian revolution macroeconomists believed that fiscal policy was the most powerful and balanced remedy for demand manag...View the full answer
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Related Book For 
Macroeconomics Private And Public Choice
ISBN: 9780357134009
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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