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2. Next to each of the following headlines give the appropriate expenditure affected, the direction of the change and the effect on the actual National
2. Next to each of the following headlines give the appropriate expenditure affected, the direction of the change and the effect on the actual National Income. Headline Effect on Equilibrium National Income Government budget A increases spending on infrastructure. Service Canada B Minister cuts departmental employment by 10%. US housing market C stalls and cuts demand for Canadian softwood lumber. Forecasts of slow D growth by the Conference Board of Canada. Income tax rate falls E prior to upcoming federal election
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