Excerpt from Job Creation and the Economic Stimulus Package: August 1978 Economists and policy makers alike know that a dollar of expenditure has a greater economic impact than simply the dollar itself.l An economic disturbance (change) in the economy has secondary effects of a certain, at least crudely measurable magnitude. The analogy of a stone thrown into a pond is useful to illustrate that secondary economic effects rise, spread, diminish and eventually die over time. The stone creates a large splash and waves (in all ...
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Excerpt from Job Creation and the Economic Stimulus Package: August 1978 Economists and policy makers alike know that a dollar of expenditure has a greater economic impact than simply the dollar itself.l An economic disturbance (change) in the economy has secondary effects of a certain, at least crudely measurable magnitude. The analogy of a stone thrown into a pond is useful to illustrate that secondary economic effects rise, spread, diminish and eventually die over time. The stone creates a large splash and waves (in all directions) which fade with time, in a manner that is depend ent on the size of the initial splash and on the distance from the impact site. Thus, each dollar of new public or private spending will generate a new flow of goods and services whose value is greater than one dollar. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Add this copy of Job Creation and the Economic Stimulus Package August to cart. $17.78, new condition, Sold by Paperbackshop rated 4.0 out of 5 stars, ships from Bensenville, IL, UNITED STATES, published 2018 by Forgotten Books.
Add this copy of Job Creation and the Economic Stimulus Package: August to cart. $39.78, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2018 by Forgotten Books.
