How do persistently large budget deficits affect capital formation and the long-run rate of economic growth? Do

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How do persistently large budget deficits affect capital formation and the long-run rate of economic growth? Do the proponents of the Keynesian, crowding-out, and new classical theories agree on the answer to this question? Discuss.

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Macroeconomics Private And Public Choice

ISBN: 9780357134009

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 06, 2023 10:01 AM

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How do persistently large budget deficits affect capital formation and the long-run rate of economic growth? Do

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Persistently large budget deficits can have significant effects on capital formation and the longrun rate of economic growth The impact of budget deficits on these variables is a topic of debate among ...View the full answer

Macroeconomics Private And Public Choice

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