If a government runs a budget deficit and cannot borrow, the deficit translates into an increase in the monetary base. Explain why this is true.

Name: If a government runs a budget deficit and cannot borrow, the deficit translates into an increase in the monetary base. Explain why this is true.
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The Answer of If a government runs a budget deficit and cannot borrow, the deficit translates into an increase in the monetary base. Explain why this is true.

If a Government Runs a Budget Deficit and Cannot Borrow