According to Table 12.3, the federal deficit fell from $1,300 billion in 2011 to $845 billion in

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According to Table 12.3, the federal deficit fell from $1,300 billion in 2011 to $845 billion in 2013. How much of this $455 billion deficit reduction was due to

(a) The growing economy?

(b) Fiscal restraint?

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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Question Posted: May 04, 2018 01:01 AM

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According to Table 12.3, the federal deficit fell from $1,300 billion in 2011 to $845 billion in

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a 13 billion b 468 billion Feedback a The growing economy is accou...View the full answer

The Macro Economy Today

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