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The government intertemporal budget constraint represents the difference between government revenues and government expenditures. O the present discounted value of tax revenues in relation to
The government intertemporal budget constraint represents the difference between government revenues and government expenditures. O the present discounted value of tax revenues in relation to the stock of outstanding government debt. O the present discounted value of government obligations in relation to the stock of outstanding government debt. O the present discounted value of government revenues in relation to present discounted value of government obligations
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