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Macroeconomics 13th Edition by William Baumol ,Alan Blinder
Edition 13ISBN: 978-1305280601Macroeconomics 13th Edition by William Baumol ,Alan Blinder
Edition 13ISBN: 978-1305280601 Exercise 10
The federal government spending (relative to the size of the economy) was cut back in several dimensions after the gigantic budget deficits of 2009 and 2010. How would GDP in the United States have been affected if this lower spending led to
a. smaller budget deficits
b. more spending elsewhere in the budget, so that total government purchases remained the same
a. smaller budget deficits
b. more spending elsewhere in the budget, so that total government purchases remained the same
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Macroeconomics 13th Edition by William Baumol ,Alan Blinder
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