"Even if there is full information and that wages and prices are fully flexible as what the Classical economists believe, an expansionary fiscal policy can still change the output of the economy" Outline an economic model that explains this possibility.
"Even if there is full information and that wages and prices are fully flexible as what the Classical economists believe, an expansionary fiscal policy can still change the output of the economy" Outline an economic model that explains this possibility.
Chapter24: Fiscal Policy
Section: Chapter Questions
Problem 1P
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