What is the shortsightedness effect? How does it influence the attractiveness of government borrowing? Explain.

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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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Question Posted: Oct 06, 2023 05:11 AM

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What is the shortsightedness effect? How does it influence the attractiveness of government borrowing? Explain.

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The shortsightedness effect results from voters and politicians tending to suppor...View the full answer

Macroeconomics Private And Public Choice

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