Why shouldn't the government always program a balanced budget?
Answer to relevant QuestionsExplain how interactions of the multiplier and accelerator generate cycles of national income. Calculate both the tax revenue required to gen erate the surplus budget shown and the change in national income that will result in each of the three cases in the following table. How do increases in labor skills affect labor pro ductivity? Give an example. The demand for money is inversely related to the interest rate. Explain. What restrictions did the Glass-Steagall Act impose on the banking system?
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