Multiple Choice
The government budget constraint can be depicted as _____, where G is government spending, T is tax revenues, M is the money supply, B is bonds held by the public entities, and A is government assets.
A) ΔG - ΔT = M + B + A
B) G - T = ΔM + ΔB + ΔA
C) G - T = M + ΔB + A
D) G - ΔT = ΔM + B + A
Correct Answer:
Verified
Correct Answer:
Verified
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