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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 2
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.
Explain how the rebuilding of roads, bridges, and airports would drive the economic recovery.
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.
Explain how the rebuilding of roads, bridges, and airports would drive the economic recovery.
Explanation
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Spending on building of roads, bridges, ...
Macroeconomics 11th Edition by Michael Parkin
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