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- W2185605006 abstract "The Keynesian argument for a fiscal stimulus to a depressed economy either by an injection of government spending or a tax cut has been dismissed too readily by some on the grounds that it increases borrowing. We are told that the policy would simply make a bad debt problem worse: that the extra output induced by the stimulus will not yield sufficient additional tax revenue to pay for the extra government spending or to finance the tax cut because the multiplier effect described by Keynes in the General Theory is too weak." @default.
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- W2185605006 date "2012-01-01" @default.
- W2185605006 modified "2023-09-26" @default.
- W2185605006 title "Fiscal Stimulus Improves Solvency in a Depressed Economy" @default.
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