In a letter to the Wall Street Journal, a member of Congress made the following assertion: One

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In a letter to the Wall Street Journal, a member of Congress made the following assertion: “One dollar of [government] spending produces more than one dollar of economic output.”

Briefly explain the reasoning behind this statement.

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Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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