=+to 12 percent of GDP. If nominal GDP is rising 5 percent per year, are such budget

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=+to 12 percent of GDP. If nominal GDP is rising 5 percent per year, are such budget deficits sustainable forever? Explain. If budget deficits of this size are maintained for 20 years, what is

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Brief Principles Of Macroeconomics

ISBN: 9780324590371

5th Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 28, 2024 04:00 AM

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=+to 12 percent of GDP. If nominal GDP is rising 5 percent per year, are such budget

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Brief Principles Of Macroeconomics

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