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- 2024-06-19
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7
The debate about these policies hinged on two crucial uncertainties. One
was the size of the multiplier. Sceptics reckoned that it would be low, and
that neither stimulus nor austerity would have much effect on output or
jobs. Stimulus simply absorbs resources that would otherwise have been
used by private firms, they argued. Moreover, firms and households would
probably save their share of the proceeds, rather than bolster the economy
by spending them, since they would assume that the government’s largesse
was only temporary and that tax bills would soon be going back up.
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그리고 Sovereign doubts 이 뜻도요
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