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I need help with these questions: Suppose there is an inflationary gap. Discuss one discretionary fiscal policy action that might eliminate it. Illustrate your answers
I need help with these questions:
- Suppose there is an inflationary gap. Discuss one discretionary fiscal policy action that might eliminate it. Illustrate your answers using the AD-AS model.
- In 2005, government spending is $800 billion and taxes collected are $770 billion. What is the federal budget balance in 2005?
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