World's only instant tutoring platform
Search questions and Textbooks
dropdown-logo
Get 2 FREE Instant-Explanations on Filo with code FILOAPP
Question

Question asked by Filo student

In 2010 , Tim Geithner, Treasury secretary at the time, published an article defending the administration's policies. In it he said, "The recession that began in late 2007 was extraordinarily severe. But the actions we took at its height to stimulate the economy helped arrest the free fall, preventing an even deeper collapse and putting the economy on the road to recovery." Which two of the three principles of economy-wide interaction are at work in this statement?

tutor 0tutor 1tutor 2
Found 3 tutors discussing this question
Discuss this question LIVE
11 mins ago

Text SolutionText solutionverified iconVerified

Key Concepts: Principles Of Economy-Wide Interaction Explanation: The two principles of economy-wide interaction at work in this statement are the multiplier effect and the circular flow of income. Final Answer: Multiplier effect and circular flow of income
One destination for complete JEE/NEET preparation
One destination to cover all your homework and assignment needs
Learn Practice Revision Succeed
Instant 1:1 help, 24x7
Instant 1:1 help, 24x7
60, 000+ Expert tutors
60, 000+ Expert tutors
Textbook solutions
Textbook solutions
Big idea maths, McGraw-Hill Education etc
Big idea maths, McGraw-Hill Education etc
Essay review
Essay review
Get expert feedback on your essay
Get expert feedback on your essay
Schedule classes
Schedule classes
High dosage tutoring from Dedicated 3 experts
High dosage tutoring from Dedicated 3 experts
Trusted by 4 million+ students
filo Logo
Doubt Icon Doubt Icon

Stuck on the question or explanation?

Connect with our Economics tutors online and get step by step solution of this question.

231 students are taking LIVE classes
Question Text
In 2010 , Tim Geithner, Treasury secretary at the time, published an article defending the administration's policies. In it he said, "The recession that began in late 2007 was extraordinarily severe. But the actions we took at its height to stimulate the economy helped arrest the free fall, preventing an even deeper collapse and putting the economy on the road to recovery." Which two of the three principles of economy-wide interaction are at work in this statement?
TopicAll Topics
SubjectEconomics
ClassClass 12
Answer TypeText solution:1