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Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
Edition 6ISBN: 978-1111822354Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
Edition 6ISBN: 978-1111822354 Exercise 2
Draw a diagram (similar to Figure 11 in this chapter) illustrating the impact of a decrease in government purchases. Assume the government is running a budget deficit both before and after the change in government purchases. On your diagram, identify distances that represent:
a. The decrease in government purchases
b. The increase in consumption spending
c. The increase in planned investment spending
Reference:
a. The decrease in government purchases
b. The increase in consumption spending
c. The increase in planned investment spending
Reference:
Explanation
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In a closed economy with government sect...
Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
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