Exploring Macroeconomics
8th Edition
ISBN: 9781544363332
Author: Robert L. Sexton
Publisher: Sage Publications
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Question
Chapter 16, Problem 3P
To determine
(a)
To explain:
The impact of an increase in government purchases if the current budget has a surplus.
To determine
(b)
To explain:
The impact of increase in government purchaseson the aggregate demand.
To determine
(c)
To explain:
The timing when an increase in government purchases will be an appropriate fiscal policy.
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Exploring Macroeconomics
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