Explain why all points above the balance of payment schedule there is a surplus while all  points below the balance of payment schedule there is a deficit

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter31: The Impacts Of Government Borrowing
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Problem 20CTQ: Describe how a plan for reducing the government deficit might affect a college student, a young...
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Explain why all points above the balance of payment schedule there is a surplus while all 
points below the balance of payment schedule there is a deficit

 

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