The government's intertemporal budget constraint assumes that in the second period: Group of answer choices A. government expenditures equal taxes. B. the government runs a
The government's intertemporal budget constraint assumes that in the second period:
Group of answer choices
A. government expenditures equal taxes.
B. the government runs a deficit.
C. pays of any outstanding debt and does not issues any new debt.
D. can issue bonds.
E. None of these answers is correct.
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Authors: Charles W. L. Hill Dr, G. Tomas M. Hult
10th edition
1259686698, 978-1259686696
