Consider an economy where the unemployment rate is at a historical low and factories are consistently operating at their maximum possible output. The government then initiates a large-scale public works program to build new highways and bridges. What is the most probable immediate effect on the economy's overall production and composition?
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Consider an economy where the unemployment rate is at a historical low and factories are consistently operating at their maximum possible output. The government then initiates a large-scale public works program to build new highways and bridges. What is the most probable immediate effect on the economy's overall production and composition?
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