ECO3011102 - Short run: G (up) Deficit (up) Y (up) T (up)...

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ECO302 11/2/11 Budget deficit Yb bcomes a dividing line Budget deficit cross axis at Y where G=T Graph: intecept =g, slope = -t
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Unformatted text preview: Short run: G (up) Deficit (up) Y (up) T (up) Deficit (down) Off budget is non-approved spending...
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