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2 Cards in this Set
- Front
- Back
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What are three things that Christina Romer argue about the recovery act in her article "Lessons from 1937)?
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1) If we don't do a stimulus, we will have a double-dip recession. If the government withdraws support too early, a return to economic decline or even panic could follow.
2) We should engage with health care reform at the same time as the stimulus in order to curb long-term deficits. 3) Granting additional tools to the fed now could provide confidence that the Fed will be able to respond to inflationary pressures, without it having to create that confidence by actually tightening prematurely. |
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What was the topic of the article which illustrated the multiplier effect?
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The article about California gov't not being able to pay their IOUs to businesses, which hits other businesses in turn.
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