11. Suppose the government cuts spending and finances the spending cuts by reduc ing borrowing. What are
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11. Suppose the government cuts spending and finances the spending cuts by reducĀ¬
ing borrowing. What are the short-run and long-run macroeconomic effects on the inĀ¬ terest rate, the price level, and real GDP?
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Money Banking And Financial Markets An Economic Approach
ISBN: 9780395643952
1st Edition
Authors: Michael R. Baye, Dennis Jansen
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