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Last year, while an economy was in a recession, government spending was $595 billion and government revenue was $505 billion. Economists estimate that if the

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Last year, while an economy was in a recession, government spending was $595 billion and government revenue was $505 billion. Economists estimate that if the economy had been at its full-employment level of GDP last year, government spending would have been $555 billion and government revenue would have been $550 billion. Which of the following statements about this government's fiscal situation are true? Instructions. You ma solert more

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