The Macroeconomic Effects of Deficit Spending: A Review
نویسنده
چکیده
OLLOWING the Keyrnesiari Revolution in macr-oecomnomics, a iarge numberof economists argued that deficit spending was required to achieve two of the stated national econonnic objectives: frill ennployment and a high r-ate of econonnic gr’owtln.’ Societywas thotnght to bemnefit fr-ornn deficit spendiing because of tine reduction in lost output arnd because tine econornw would achieve a higher n-ate of gr-owth.
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