The federal budget for national defense has increased substantially to pay for the Iraq war. How would
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a. larger budget deficits?
b. less spending elsewhere in the budget, so that total government purchases remained the same?
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a If the increases in national defense and homelan...View the full answer
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Related Book For
Macroeconomics Principles And Policy
ISBN: 9780324586213
11th Edition
Authors: William J. Baumol, Alan S. Blinder
Question Posted:
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