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Ricardo Martins
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Professor Nick, I would kindly disagree with you. I guess nowadays people work the amount they are offered to work, so it doesn't make a difference. But maybe it's just my naivety. Thank you for your response If you have time, please read my (still enfant economics blog) Ricardo
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Professor Nick, If Government increases G it will not necessarily crowd out "other demand components" (but it may), but if it increases Taxes those will have to come from C and/or S, isn't that right? So you can say that an increase in G may increase Y, but an increase in T won't. Am I wrong? Thank you Ricardo Martins (
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Mar 2, 2016