For each of the following, indicate which type of government spending would justify a budget deficit and
Question:
For each of the following, indicate which type of government spending would justify a budget deficit and which would not.
a. Increased federal spending on Medicare
b. Increased spending on education
c. Increased spending on the space program
d. Increased spending on airports and air traffic control
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a Increased federal spending on Medicare may not increase productivity so a budget deficit is not j...View the full answer
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