How do the specifics of the bill matter in terms of enhancing the economy’s capacity for long-run growth in addition to short-run stimulus
The Federal Government is again talking about passing a bill to increase AD and GDP. How do the specifics of the bill (individual elements of that bill) matter in terms of enhancing the economy’s capacity for long-run growth in addition to short-run stimulus?
In your answer consider and address some of the following: Should the government favor increased spending over reducing taxes? If so, should the government favor entitlement spending over discretionary spending? If the government is going to favor discretionary spending, what should the government “buy”?
As always, strive to be detailed, specific, and clear in your writing. Assume the audience for your post is a high school student learning macroeconomics.
Requirements: 4-12 sentences
Answer preview to how do the specifics of the bill matter in terms of enhancing the economy’s capacity for long-run growth in addition to short-run stimulus
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