they will not be in power next period. How can these leaders use their control over current taxes,subsidies, and the government debt to force their successors to reduce steady -state government expenditures below 900,000 goods. Use the government budget constraint in giving your answer.
Government Budget constraint is:
g + (r/n)b0 = τ1 + q1(1 -1/z1) + bt where the o,1,and t are subscripts
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