oter

Government spending can affect economic growth from "summary" of Public Finance by Harvey S. Rosen

Government spending plays a crucial role in shaping the overall economy. When the government spends money on programs and projects, it can have a direct impact on economic growth. For example, government spending on infrastructure projects such as roads, bridges, and public transportation can create jobs and stimulate economic activity. This, in turn, can lead to increased consumer spending and business investment, further boosting economic growth. Moreover, government spending can also influence economic growth indirectly through its impact on aggregate demand. By increasing government spending during times of economic downturn, the government can help stimulate demand and prevent a recession. This is especially important when monetary policy alone is...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    Similar Posts
    Demand management key to economic stability
    Demand management key to economic stability
    The level of effective demand, which is the sum of consumption and investment, plays a crucial role in determining the level of...
    Comparative advantage is key to understanding trade
    Comparative advantage is key to understanding trade
    The idea of comparative advantage is crucial in grasping the complexities of trade. It is not just about who can produce a cert...
    Governance corruption transparency accountability
    Governance corruption transparency accountability
    Governance refers to the process of decision-making and the implementation of policies by those in authority. Corruption, on th...
    Technological advancements impact business productivity
    Technological advancements impact business productivity
    Technological advancements play a crucial role in shaping the productivity of businesses in today's fast-paced economy. As new ...
    The economic theories of the great worldly philosophers have profoundly shaped our understanding of the world
    The economic theories of the great worldly philosophers have profoundly shaped our understanding of the world
    The economic theories put forth by some of the greatest thinkers in history have had a significant impact on how we perceive an...
    Impact of globalization on Indian economy
    Impact of globalization on Indian economy
    Globalization has had a significant impact on the Indian economy. It has opened up new avenues for trade and investment, leadin...
    Public finance decisions often involve tradeoffs between efficiency and equity
    Public finance decisions often involve tradeoffs between efficiency and equity
    In the field of public finance, policymakers are often faced with difficult choices when making decisions that affect the distr...
    Political corruption undermines democracy
    Political corruption undermines democracy
    Political corruption is a cancer that eats away at the very foundation of democracy. When public officials prioritize their own...
    Importance of education and lifelong learning
    Importance of education and lifelong learning
    In the world of 2030, the significance of education and continuous learning cannot be overstated. Education is not merely a mea...
    Adapt to changing market conditions
    Adapt to changing market conditions
    One of the most important things to remember when investing is the need to be able to adapt to changing market conditions. Mark...
    oter

    Public Finance

    Harvey S. Rosen

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.