How do persistently large budget deficits affect capital formation and the long-run rate of economic growth? Do

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How do persistently large budget deficits affect capital formation and the long-run rate of economic growth? Do the proponents of the Keynesian, crowding-out, and new classical theories agree on the answer to this question? Discuss.

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Macroeconomics Private And Public Choice

ISBN: 9780538754286

13th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 25, 2024 05:00 AM

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How do persistently large budget deficits affect capital formation and the long-run rate of economic growth? Do

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Macroeconomics Private And Public Choice

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