Economics: Private and Public Choice
16th Edition
ISBN: 9781337642224
Author: James D. Gwartney; Richard L. Stroup; Russell S. Sobel
Publisher: Cengage Learning US
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Chapter ST4, Problem 3CQ
To determine
Effect of government intervention over the business cycle.
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Can the government make things worse by intervening in markets? Are there other options outside the markets and government that will fix macroeconomic failure?
Can market intervention by the government make things worse? Are there any other remedies for macroeconomic failure than the government and the markets?
If markets do not self-adjust, how can a decline in spending lead to a negative process that ruins an economy?
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Economics: Private and Public Choice
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