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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 17
Use the following CBO report to work the Problems.
Fiscal 2012 Deficit: Smaller, But Still Big
The budget deficit was about $1.1 trillion in fiscal year 2012, CBO estimates. That is about $200 billion smaller than in 2011, but still ranks as the fourth-largest deficit since World War II.
How was the budget deficit of 2012 influenced by the Fed's low interest rate policy?
Fiscal 2012 Deficit: Smaller, But Still Big
The budget deficit was about $1.1 trillion in fiscal year 2012, CBO estimates. That is about $200 billion smaller than in 2011, but still ranks as the fourth-largest deficit since World War II.
How was the budget deficit of 2012 influenced by the Fed's low interest rate policy?
Explanation
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Lower interest rate and budget deficit: ...
Macroeconomics 11th Edition by Michael Parkin
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