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Re: | Rat Terrier Breeder Wanted | Ad: | How much does the job pay? http://www.muruniiduk.ee/products Coupons For Tricor Under these circumstances, there is every reason to expect that changes in deficit policies will have direct effects on employment and output in ways that are not normal. Borrowing to support spending either by the government or the private sector raises demand and therefore increases output and employment above the levels they otherwise would have reached. Unlike in normal times, these gains will not be offset by reduced private spending because there is substantial excess capacity in the economy, and cannot easily be achieved via monetary policies because base interest rates have already been reduced to zero. Multiplier effects operate far more strongly during financial crisis economic downturns than in other times.
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