The chapter says that budget deficits reduce the income of future generations but can boost output and

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The chapter says that budget deficits reduce the income of future generations but can boost output and income during a recession. Explain how both of these statements can be true

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:25 AM

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The chapter says that budget deficits reduce the income of future generations but can boost output and

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In a recession the government can use a budget deficit to increase aggregate demand thus boost...View the full answer

Principles of economics

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