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charminpatel charminpatel
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5 years ago
Hu Tells Leaders China Growth Will Help World Economy

Chinese President Hu Jintao told world leaders that his country "has taken an active part in the international cooperation to deal with the financial crisis'' by providing a "$586 billion economic stimulus, focused on building low-rent housing, roads, railways and airports. The package also allows tax deductions for fixed assets such as machinery to stimulate investment. Farmers will also benefit from more subsidies."
Hu stated that "China is in itself an important contribution to international financial stability and world economic growth.''
www.bloomberg.com 11/15/2008
If the fiscal stimulus spending does generate economic growth, we can expect to see
A) growth in labor productivity.
B) growth China's price level.
C) an excess supply of labor in China's labor market.
D) growth in the supply of labor.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
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fifadanielfifadaniel
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5 years ago
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charminpatel Author
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5 years ago
Helped a lot
jmendoza
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Yesterday
This helped my grade so much Perfect
rileyjones420
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2 hours ago
Thanks
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