MACROECONOMICS (LL)
21st Edition
ISBN: 9781260186949
Author: McConnell
Publisher: MCG
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Chapter 5, Problem 5RQ
To determine
Unfunded liabilities.
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- Based on the national saving and investment identity, what are the three ways the macroeconomy might react to greater government budget deficits?arrow_forwardWhen governments run budget deficits, how do they make up the differences between tax revenue and spending?arrow_forwardIf a government runs a budget deficit of 10 billion dollars each year for ten years, then a surplus of 1 billion for five years, and then a balanced budget for another ten years, what is the government debt?arrow_forward
- What is the main reason for employing contractionary fiscal policy in a time of strong economic growth?arrow_forwardWhat must take place for the government to run deficits without any crowding out?arrow_forwardIn a booming economy, is the federal government more likely to run surpluses or deficits? What are the various factors at play?arrow_forward
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