Macroeconomics Essay?
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When answering any economics question, economists usually reply with some version of, "it depends" (choices/consequences). Using at least 3 examples of the ten principles on the list explain what economists mean by "it depends". Support your answer using concrete examples such as life experience, news articles, government actions, etc.
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The biggest I would say is opportunity costs. Like in a recession, one way to help GDP is for the government to spend more but if they spend more then you start seeing inflation. So is a general person better off? Well, it depends if they got a job due to government spending or if they got the side effects from it and now have higher inflation. It is impossible to please 100% of the economy.