Question 1: In an article from August 2014, ‘The Fall of France’, Paul Krugman criticizes the...

Question 1:

In an article from August 2014, ‘The Fall of France’, Paul Krugman criticizes the austerity policy implemented in France.

Use what you have learned about the fiscal multiplier to explain why, in Krugman’s opinion, fiscal austerity in France (and more generally in Europe) would fail (explain carefully what you think Krugman means by ‘fail’).

link to article: https://www.nytimes.com/2014/08/29/opinion/paul-krugman-the-fall-of-france.html

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Expert Solution

Rahul Sunny answered 1 year ago

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