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ECO 372 Week 4 knowledge Check
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ECO 372 Week 4 knowledge Check

This Tutorial was purchased 2 times & rated A+ by student like you.

 

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1.In the long-run framework, budget surpluses

2. The budget deficit or surplus is

3.Deficits and surpluses are best viewed as

4.Suppose the government increases spending by $30 billion and raises taxes at by $20 billion at the same time. Then,

5 Because automatic stabilizers lower transfer payments and raise tax receipts as an economy recovers from a recession, they

6.Most of the government budget is mandatory spending through programs like Medicare and Social Security, and much of the rest is politically difficult to alter. Because of this,

 

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