Suppose we start with the Canadian economy in a position of long run equilibrium, at potential output
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Suppose we start with the Canadian economy in a position of long run equilibrium, at potential output ! and inflation at the target level ".
a.Use a graph to explain the effect of a budget deficit in the short-run on Real GDP, inflation and unemployment.
b.Explain the effect of the budget deficit in the long run on Real GDP, inflation and unemployment.
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Related Book For 
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
