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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985

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BuyFindarrow_forward

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985
Textbook Problem

Explain two ways in which a government budget deficit hurts a future worker.

To determine

Impact of budget deficit on future workers.

Explanation

Budget deficit reduces the national savings which causes the real interest rate to rise and the investment to fall. This decrease in investment over time leads to a lesser stock of capital that lowers the labor productivit...

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