Lecture 2 29

Lecture 2 29 - Example Tax Cuts in the US in the...

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Application: Twin Deficits S – I = (G-T) + NX Savings – Investment = Budget Deficit + Net Exports What happens when the government runs a higher budget deficit:
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Unformatted text preview: Example: Tax Cuts in the US in the 1980s (problem set)...
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