Question
Using National Income Identity equation, describe how budget deficits crowd out investment. Explain the possibility of increase or decrease in overall investment as the result
Using National Income Identity equation, describe how budget deficits crowd out investment. Explain the possibility of increase or decrease in overall investment as the result of budget deficit.
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Macroeconomics
Authors: Stephen d. Williamson
5th Canadian edition
133847144, 9780134604794 , 978-0133847147
