Suggest at least three possible negative economic effects
Problem
Many people are concerned about the budget deficit of the U.S. federal government. Suggest at least three possible negative economic effects of a budget deficit and three possible economic benefits of a budget deficit.
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How do you think that a change in aggregate demand and aggregate supply would influence the economic growth of the Australian economy?
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Suggest at least three possible negative economic effects of a budget deficit and three possible economic benefits of a budget deficit.
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What is the aggregate expenditure (AE) function? Using algebra, find equilibrium GDP (i.e. equilibrium national income Y).
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