macroeconomic effects of federal investment can increase if : a. State and local governments complement federal policy by taxing the federal investment. b. State and local governments accept the federal investment. c. State and local governments offset federal policy by reducing investment. d. State and local governments
macroeconomic effects of federal investment can increase if : a. State and local governments complement federal policy by taxing the federal investment. b. State and local governments accept the federal investment. c. State and local governments offset federal policy by reducing investment. d. State and local governments
Chapter14: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, And Sources Of Business Cycles
Section: Chapter Questions
Problem 17E
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The macroeconomic effects of federal investment can increase if :
a. State and local governments complement federal policy by taxing the federal investment.
b. State and local governments accept the federal investment.
c. State and local governments offset federal policy by reducing investment.
d. State and local governments complement federal policy by also increasing investment.
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