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1. By issuing new bonds to finance its budget deficit, the government is able to spend more this year than it collected in taxes. a.

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1. By issuing new bonds to finance its budget deficit, the government is able to spend more this year than it collected in taxes. a. New AD curve: b. Explanation: 2. Due to the threat of rising unemployment, households begin saving a larger percentage of their disposable income. a. New AD curve: I b. Explanation

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