Question
Suppose a national economy has an unemployment rate of 3% and its GDP is growing at the rate of 4% per annum. The Federal budget
Suppose a national economy has an unemployment rate of 3% and its GDP is growing at the rate of 4% per annum. The Federal budget shows expenditures of $3 trillion, with revenues of $2 trillion. Discuss possible short and long term effects of this budget on the national economy.
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Macroeconomics Canada in the Global Environment
Authors: Michael Parkin, Robin Bade
8th edition
321778103, 978-0321808370, 321808371, 978-0321778109
