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Unformatted text preview: o Two tools Taxation Policies-The role of finance (banking system) Capitalism means aggregate demand Total spending Public debt: how much the government owes the people of America Deficit (Expenditures > Revenues) Balance (Expenditures = Revenues) Surplus (Revenues > Expenditures) Multiplier = change in income / change in investment (spending)...
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This note was uploaded on 09/26/2009 for the course ECON 205 taught by Professor Kamrany during the Spring '07 term at USC.
- Spring '07