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    Principles of Economics Study Set 12
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    Exam 26: Fiscal Policy
  5. Question
    Suppose a Recession Occurs Unexpectedly in December One Year
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Suppose a Recession Occurs Unexpectedly in December One Year

Question 51

Question 51

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Suppose a recession occurs unexpectedly in December one year. Explain why the actual budget will differ from the predicted budget.

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Tax revenue is likely to be lo...

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