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This document contains summaries of several economic concepts and models: 1) A permanent increase in government purchases has a larger effect on consumption, investment, and interest rates than a temporary increase of the same amount due to expectations of future tax increases. 2) Recessions have become less frequent over time likely due to improvements in monetary and fiscal policy that help stabilize output. 3) A country losing capital stock to war would see reduced current output, employment, and re

Author

M Bilal Saleem

Language

EN