m5a2 - structure such a stimulus package What would a...

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Assume that there is concern that the economy is not recovering from the current recession due  to a high unemployment rate. Consequently, the President and Congress are considering the  passage of another stimulus package for $200 billion. This package will be targeted towards  decreasing unemployment and maintaining the current level of low inflation. How would you 
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Unformatted text preview: structure such a stimulus package? What would a classical economist’s approach to this problem be, and how would it differ from a Keynesian’s approach? Explain your answer and justify your conclusions....
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This note was uploaded on 06/11/2011 for the course ECON 220 taught by Professor Dr.leo during the Spring '10 term at AIU Online.

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