The German governments budget was balanced in 2014 and moved into a surplus of $13 billion in
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The German government’s budget was balanced in 2014 and moved into a surplus of $13 billion in 2015. Helped by higher tax revenues, the budget surplus was twice as high as expected.
Explain the effect of Germany’s budget surplus on the loanable funds market in Germany. How will the budget surplus influence economic growth?
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The budget surplus increases the supply of loanable funds T...View the full answer
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