Case study discretionary fiscal policy and presidential


1. (Case Study: The Supply-Side Experiment) Explain why it is difficult to determine whether or not the supply-side experiment was a success.

2. (Case Study: Discretionary Fiscal Policy and Presidential Elections) Suppose that fiscal policy changes output faster than it changes the price level. How might such timing play a role in the theory of political business cycles?

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Econometrics: Case study discretionary fiscal policy and presidential
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