Economics Today: The Macro View (19th Edition) (Pearson Series in Economics)
19th Edition
ISBN: 9780134478760
Author: Roger LeRoy Miller
Publisher: PEARSON
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Question
Chapter 13, Problem 22P
To determine
Why a budget deficit naturally tends to arise at a real
Concept introduction:
Automatic Fiscal Stabilizers: Automatic fiscal stabilizers are features included in economic policies that prevent violent fluctuations in the GDP of an economy resulting from booms and recessions. These features are triggered automatically without any intervention by the government.
Budget Deficit: Budget deficit refers to the excess of federal government expenditure over its receipts during a year.
Budget Surplus: Budget surplus refers to the excess of federal government receipts over its expenditure during a year.
Balanced Budget: Federal government budget is balanced when its receipts and expenditure are equal during a year.
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Chapter 13 Solutions
Economics Today: The Macro View (19th Edition) (Pearson Series in Economics)
Ch. 13.D - Prob. 1PCh. 13.D - Prob. 2PCh. 13.D - Prob. 3PCh. 13 - Prob. 13.1LOCh. 13 - Prob. 13.2LOCh. 13 - Prob. 13.3LOCh. 13 - Prob. 13.4LOCh. 13 - Prob. aFCTCh. 13 - Prob. bFCTCh. 13 - Prob. 1CTQ
Ch. 13 - Prob. 2CTQCh. 13 - Prob. 1FCTCh. 13 - Prob. 2FCTCh. 13 - Prob. 1PCh. 13 - Prob. 2PCh. 13 - Prob. 3PCh. 13 - Prob. 4PCh. 13 - Prob. 5PCh. 13 - Prob. 6PCh. 13 - Prob. 7PCh. 13 - Prob. 8PCh. 13 - Prob. 9PCh. 13 - Prob. 10PCh. 13 - Prob. 11PCh. 13 - Prob. 12PCh. 13 - Prob. 13PCh. 13 - Prob. 14PCh. 13 - Prob. 15PCh. 13 - Prob. 16PCh. 13 - Prob. 17PCh. 13 - Prob. 18PCh. 13 - Prob. 19PCh. 13 - Prob. 20PCh. 13 - Prob. 21PCh. 13 - Prob. 22P
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