On Jul 5, 2011, at 9:44 PM, Lakshmi Rhone wrote: > I understand that in a slump that the extent to which stimulus works as pump > priming may prove to be surprisingly weak. > Dudley Dillard showed this to be in the case of The Great Depression
In the U.S., GDP growth averaged almost 10% from 1934-37 and the unemployment rate fell by almost 15 points. If that's ineffective, I don't know what your idea of effective is, Rakesh. Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
