CTP 06 - Tat Sang Lao ECON 202 David Bell CTP 06 Restoring...

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Tat Sang Lao ECON 202 – David Bell May 11, 2010 CTP 06 Restoring the Economics Today’s recession is tough for most countries. The leaders of the countries try their best to solve it. There are many measures to recover the poor economy. Economists should choose the most effective measure and it is easy to practice in the economy. I think increasing total consumption is an appropriate measure because it can maximize the money multiplier. According to the text book, through the multiplier effect, an increase in investment spending ripples through the economy, ultimately creating a magnified increase in real GDP. GDP increase also means the economy is recovering and growing. In addition, it is believe that the recession was mainly caused by financial institutions’ executives because of their greed. Furthermore, it is unbelievable even though everybody was suffering in the
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This note was uploaded on 04/17/2011 for the course ECON 202 taught by Professor Kotlove during the Spring '11 term at Edmonds Community College.

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CTP 06 - Tat Sang Lao ECON 202 David Bell CTP 06 Restoring...

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