Use the accompanying graph to illustrate changes in the structural and total deficits for fiscal years 20072013.

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Use the accompanying graph to illustrate changes in the structural and total deficits for fiscal years 2007–2013.

(a) In how many years do the two deficits change in different directions?

(b) In how many years was the government pursuing 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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