MACROECONOMICS
14th Edition
ISBN: 9781337794985
Author: Baumol
Publisher: CENGAGE L
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Question
Chapter 11, Problem 1DQ
a)
To determine
To explain: The effect of larger budget deficit on the GDP of U.S.
b)
To determine
To explain: The impact on GDP of U.S. if the less spending elsewhere and total government purchases remained the same.
c)
To determine
To explain: The impact on GDP of U.S. if the government increases the taxes for the higher spending.
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