can you explain this for me? this is a true or false statement: "increasing welfare payments by borrowing the money to fund them would increase AD" borrowing the money means we will have more deficit and interest to repay. But wouldnt it still stimulate the economy nonetheless?
can you explain this for me? this is a true or false statement: "increasing welfare payments by borrowing the money to fund them would increase AD" borrowing the money means we will have more deficit and interest to repay. But wouldnt it still stimulate the economy nonetheless?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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can you explain this for me?
this is a true or false statement:
"increasing welfare payments by borrowing the money to fund them would increase AD"
borrowing the money means we will have more deficit and interest to repay. But wouldnt it still stimulate the economy nonetheless?
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