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ECON MACRO 5th Edition by William McEachern
Edition 5ISBN: 978-1305659094ECON MACRO 5th Edition by William McEachern
Edition 5ISBN: 978-1305659094 Exercise 9
CROWDING OUT AND CAPITAL FORMATION In earlier chapters, we've seen that the government can try to increase GDP in the short run by running a budget deficit. What are some long-term effects of deficit spending?
Explanation
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Long-term effect of deficit budget:
The...
ECON MACRO 5th Edition by William McEachern
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