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5. (4 points) Country A has a federal deficit of $25 billion in fiscal year t. The newly elected government of Country A has committed
5. (4 points) Country A has a federal deficit of $25 billion in fiscal year t. The newly elected government of Country A has committed to deficit reductions through taxes. The projected maximum deficits for Country A are as follows: $24 billion (in fiscal year t+1) $20 billion (in fiscal year t+2) $12 billion (in fiscal year t+3) Discuss the deficit reduction package. Are there any advantages and disadvantages to this approach
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