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Eastlandia is currently in a recession driving the government budget automatically into a deficit. Use a correctly labeled graph of loanable funds and illustrate the

Eastlandia is currently in a recession driving the government budget automatically into a deficit.

Use a correctly labeled graph of loanable funds and illustrate the effect of persistent budget deficits. B) Identify and explain the effect persistent budget deficits have on private investment. C) What will be the effect of the implicit liabilities?

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