The projected deficit in 2017 is $28.5 billion and there is no timeline for a return to

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The projected deficit in 2017 is $28.5 billion and there is no timeline for a return to surplus.

a. Explain the effect of the ongoing budget deficit on the loanable funds market.

b. What effect does the budget deficit have on the real interest rate, private saving, and investment?

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Macroeconomics

ISBN: 978-0134853307

10th Edition

Authors: Michael Parkin

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