Discuss how priorities in government spending have changed since the 1960s.
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Discuss how priorities in government spending have changed since the 1960s.
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|The idea here is to discuss how priorities in government spending have changed since the 1960s. That is, spending went from Investment to Transfer Payments (e.g., social security, unemployment, etc.) Think how this change has affect long-run growth from the perspective of the growth model we will discuss in class that relies on capital accumulation.
