Macro - increase in government spending Flashcards
1
Q
KAA 1
A
K - economic growth
An - gov spending on infrastructure, shift out of LRAS
Ap - HS2
2
Q
Eval 1
A
time period and budget. HS2 cut short due to budget problems
3
Q
KAA 2
A
K - improved current account
An - innovation can lower costs and increase efficiency which results in lower prices and more global competitiveness
Ap -
4
Q
eval 2
A
opportunity cost with spending possibly being spent on education etc.