Assume that a country's real growth is 2 percent per year, while its real deficit is rising

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Assume that a country's real growth is 2 percent per year, while its real deficit is rising 5 percent a year. Can the country continue to afford such deficits indefinitely? What problems might it face in the future? LO4

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Macroeconomics

ISBN: 405051

7th Edition

Authors: David Colander

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