Explain why the government deficit rises as the economy contracts and why the government deficit falls when

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Explain why the government deficit rises as the economy contracts and why the government deficit falls when the economy expands.

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Principles of Macroeconomics

ISBN: 978-0134078809

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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Question Posted: Dec 27, 2018 07:38 AM

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Explain why the government deficit rises as the economy contracts and why the government deficit falls when

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When the economy contracts both taxable income and corporate profits ...View the full answer

Principles of Macroeconomics

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