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Aggregate demand policy in a time of COVID

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Large increases in government expenditure generally necessitate restraint elsewhere
However at present significant resources are lying idle: no such sacrifice is needed
Hence increases in government exenditure currently need not be financed by borrowing
Neither need they b...

 

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Aggregate demand policy in a time of COVID

Large increases in government expenditure generally necessitate restraint elsewhere However at present significant resources are lying idle: no such sacrifice is needed Hence increases