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Essentials of Economics 8th Edition by Bradley Schiller
Edition 8ISBN: 978-0073511399Essentials of Economics 8th Edition by Bradley Schiller
Edition 8ISBN: 978-0073511399 Exercise 3
Suppose that it is an election year and that aggregate demand is growing so fast that it threatens to set off an inflationary movement. Why might Congress and the President hesitate to cut back on government spending or raise taxes, as economic theory suggests is appropriate?
Explanation
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Aggregate demand:
Aggregate demand is t...
Essentials of Economics 8th Edition by Bradley Schiller
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