The model with particular attention paid

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"Unhappy economies, it turns out , are all unhappy in the same way. A recent report on job markets globally showed that too few jobs are being created worldwide, and even fewer good jobs are. ages are flat or falling in a ll major economies as corporate profits claim an increasing share of productivity gains... The report calls for action by the G-20 to break those negative feedback loops, renewed commitment to social safety nets". ("One big Unhappy Economy", Times Digest, Saturday, September 20,2014). Using the Classical model, verbally an graphically explain the effects of more government spending on the economy. I want to know the effects of more government spending on all of the variables in the model with particular attention paid to whether consumer spending will increase, job growth will occur, and wages will rise.

Reference no: EM13320487

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