MACROECONOMICS
MACROECONOMICS
14th Edition
ISBN: 9781337794985
Author: Baumol
Publisher: CENGAGE L
Question
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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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