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The textbook describes fiscal policy as having a multiplier effect – that is, the impact on...

The textbook describes fiscal policy as having a multiplier effect – that is, the impact on our economy is a multiple of the size of the initial spending. Some have argued that a similar effect exists locally for programs like the Super Bowl and convention spending. Specifically, proponents argue that holding the Super Bowl in Glendale in February of 2015 will have an impact on the local economy that is 6x larger than the initial spending. Do you agree with this view? Can a multiplier effect be beneficial for local spending programs? Why or why not?

150 words, please.

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