MACROECONOMICS
14th Edition
ISBN: 9781337794985
Author: Baumol
Publisher: CENGAGE L
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Chapter 7, Problem 1DQ
To determine
To describe: The various objectives of long run growth policy in comparison with short run stabilization policy.
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Governor Mitch Daniels advocates that the government intervene less in business to promote jobs and ultimately economic growth. Instead, he argues to have government put factors in place that promote job growth such as lower taxes and more infrastructure. Is this an appropriate method to promote growth? Are there alternatives where the government can intervene that are more efficient than the market? Explain your answer.
A broader definition of macroeconomics and its relationship with the level of production, unemployment and inflation of a country.
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