If automatic stabilizers increase the federal budget balance by $60 billion for every 1 percent increase in
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If automatic stabilizers increase the federal budget balance by $60 billion for every 1 percent increase in real GDP growth, what will happen to the federal budget balance if the economy falls into a recession of −3 percent from a growth path of +2 percent?
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Growth Rate Change in Budget Balance 5 300 billion Explanation If the change in the GDP growth ...View the full answer
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