-Economic data for a mythical economy in the years 2006-2010 are summarized in the figure above.Assume that the spending formulas and tax schedules are identical for all years.When the economy is at less than full employment,the government has a

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When the economy is at less than full employment, government spending typically exceeds tax revenue, leading to a budget deficit.

-Economic Data for a Mythical Economy in the Years 2006-2010