Assertion: fiscal policy's effect | /r/HasProperty | depend on the extent
Facets:
value: to depend on circumstances
type: OTHER
Source sentences:
text: Whether an incremental increase to government spending will have a multiplier effect is thought to depend on circumstances in the economy: first, particularly on the extent to which unemployment of resources may be high, so that the additional demand represented by government purchases may be realized by additional production and higher utilization of resources, without bidding up prices; second, by the state of the financial and credit markets, where demand for money and money instruments may welcome additional government debt as low-risk securities, but may regard investment in private production capacity or capital formation as too risky, given a low level of general business activity.