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An increase in the budget deficit normally increases the equilibrium interest rate and leads to crowding out is neutral if we assume that Ricardian Equivalence
An increase in the budget deficit normally increases the equilibrium interest rate and leads to crowding out is neutral if we assume that Ricardian Equivalence holds leads to higher taxes in the future All of the above
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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
