To judge the size of government debts and deficits,we should use real values.
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Q54: The federal government
A) runs a deficit when
Q55: When positive spending shocks occur,transfer payments automatically
Q56: When negative spending shocks occur,transfer payments automatically
Q57: Which of the following is true?
A) As
Q58: Before about 1975
A) any federal deficits were
Q60: In the long run,
A) an increase in
Q61: The formula for calculating the tax multiplier
Q62: Suppose the MPC is 0.85.If government purchases
Q63: One way to describe the tax multiplier
Q64: When calculating the effect of a tax
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