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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

What must take place for the government to run deficits without any crowding out?

To determine

To discuss: The ways adopted by government to run the deficits without having crowding out.

Explanation

When the government is running deficits without crowding out, it is sure that the interest rate remains constant. In this case, the aggregate supply curve is horizontal and the supply curve in the loanable fund market is also horizontal. It is same the case of Keynesian where the LM curves meant to be horizontal...

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