What is a government budget deficit? Why are macroeconomists concerned with budget deficits?

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Macroeconomics Policy And Practice

ISBN: 978-0133424317

2nd Edition

Authors: Frederic Mishkin

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Question Posted: Feb 17, 2024 11:01 PM

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What is a government budget deficit? Why are macroeconomists concerned with budget deficits?

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A government budget deficit occurs when a governments expenditures exceed its revenues within a specified period typically a fiscal year In other word...View the full answer

Macroeconomics Policy And Practice

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