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Unformatted text preview: 1. Foreign exchange market: modified supply and demand a. Assume: market for euro 2. Modifications a. Q of what? euro traded/exchanged. b. P of what? euro: $ per €. c. S of € by whom? Europeans seeking U.S. $. d. D for € by whom? Americans seeking €. 3. Examples C. Federal budget deficits and the national debt 1. Opening salvo 2. Definitions a. Budget deficit b. National debt c. Structural and passive deficits d. Real and nominal deficits III. NEXT TIME A. Finish Chapter 34: “Deficits and Debt”...
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This note was uploaded on 05/12/2011 for the course ECON 2030 taught by Professor Bong during the Spring '07 term at LSU.
- Spring '07