"To answer that question requires estimating two things: the size of the “output gap” and the “fiscal multiplier”. Both are as hard to quantify as they are to translate into plain English. The output gap measures the difference between the actual level of economic output and the amount the economy is capable of producing. "
"To answer that question requires estimating two things: the size of the “output gap” and the “fiscal multiplier”. Both are as hard to quantify as they are to translate into plain English. The output gap measures the difference between the actual level of economic output and the amount the economy is capable of producing. "
>"Picking the right package- With a slowing economy, almost everyone agrees that more is required, yet for the past six months Congress has squabbled over a new bill.”
>"Picking the right package- With a slowing economy, almost everyone agrees that more is required, yet for the past six months Congress has squabbled over a new bill.”