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Often the government is not needed in the economy because the economy will, in time, work itself out. When it comes to spending shocks affecting the economy the classical position is the correct position because government intervention often instigates recessions instead of stopping them.
In the 1990s to the year 2000 the economy was said to be in an economic boom due to technological advances in the U.S. The internet was developed in the 90's which connected people all across the world simply by the click of a button. This led to billions of dollars being made in a global marketplace where there were no limitations...
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