Suppose policy makers pass a budget that results in an, Financial Management

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Suppose policy makers pass a budget that results in an

Suppose policy makers pass a budget that results in an increase in the budget deficit. Also assume that this fiscal policy action results in a reduction in the saving rate. To what extent will this reduction in the saving rate because permanent changes in the rate of growth of output per worker? Explain.

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Financial Management: Suppose policy makers pass a budget that results in an

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