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Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
Edition 10ISBN: 978-1259235702Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
Edition 10ISBN: 978-1259235702 Exercise 4
If automatic stabilizers increase the federal budget balance by $60 billion for every 1 percent increase in real GDP growth, what will happen to the federal budget balance if the economy falls into a recession of ?3 percent from a growth path of +2 percent?
Explanation
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If the economy falls into recession of -...
Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
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