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    Principles of Macroeconomics Study Set 11
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    Exam 15: Financial Crises, Stabilization, and Deficits
  5. Question
    Explain How It Is Possible for the Government Budget Deficit
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Explain How It Is Possible for the Government Budget Deficit

Question 54

Question 54

Essay

Explain how it is possible for the government budget deficit to rise or fall without Congress taking steps to change spending or taxes?

Correct Answer:

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The reason is that the deficit can chang...

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