Chat with AI
Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 37
Use the following news clip to work the Problem.
Summers Calls for Infrastructure Spending
Larry Summers, the outgoing director of the White House National Economic Council, said the United States must ramp up spending on domestic infrastructure to drive the economic recovery. He said that a combination of low borrowing costs, cheap building costs, and high unemployment in the construction industry make this the ideal time to rebuild roads, bridges, and airports.
Is this infrastructure spending a fiscal stimulusWould such spending be a discretionary or an automatic fiscal policy?
Summers Calls for Infrastructure Spending
Larry Summers, the outgoing director of the White House National Economic Council, said the United States must ramp up spending on domestic infrastructure to drive the economic recovery. He said that a combination of low borrowing costs, cheap building costs, and high unemployment in the construction industry make this the ideal time to rebuild roads, bridges, and airports.
Is this infrastructure spending a fiscal stimulusWould such spending be a discretionary or an automatic fiscal policy?
Explanation
Verified
Verified
This infrastructure spending i...
Macroeconomics 11th Edition by Michael Parkin
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
