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[Related to the Apply the Concept on page 978] In 2017, an article in the New York Times quoted Douglas HoltzEakin, former director of the Congressional Budget Office, as arguing that “with the economy back to near full employment, conventional tax cuts or stimulus spending won’t have that much of an effect. What is needed are policies that genuinely augment the supply side of the economy.”
What does Holtz-Eakin mean by “policies that genuinely augment the supply side of the economy”?
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