The two economists debate the Fiscal policy of the UK Conservative government which implemented austerity policies (Decreasing Government Spending) in the aftermath of the Great Recession 2008 of the Conservative Government the UK Kingdom and whether it helped or hurt the economy.
Summarize the arguments of each economist for and against the austerity policies in one single spaced page, then – in a half page- reflect on the debate in your own words the light of AD-AS model
Please do not caught up in the politics of the debate and enjoy the economic reasoning and different views of both of the economists. Do not copy!
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