Economic action plan/ Managerial Economics
Go to the website http:// www.fin.gc.ca. Click on “Budgets”, then on “Archived Budget Documents”, then on “2009”, and finally on “Budget in Brief.” For the 2009 budget, you can read about the government’s Economic Action Plan for detailing with the recession. Use the IS-LM model to interpret the Department’s explanation.
Is the reasoning presented consistent with the model? Does knowledge of the model help you understand this reasoning?
