ECO 372 Week 4 knowledge Check NEW

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UOP ECO 372 Week 4 knowledge Check NEW
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ECO 372 Week 4 knowledge Check NEW 1.In the
long-run framework, budget surpluses 2. The
budget deficit or surplus is 3.Deficits and
surpluses are best viewed as
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4.Suppose the government increases spending by
30 billion and raises taxes at by 20 billion at
the same time. Then, 5 Because automatic
stabilizers lower transfer payments and raise tax
receipts as an economy recovers from a recession,
they 6.Most of the government budget is mandatory
spending through programs like Medicare and
Social Security, and much of the rest is
politically difficult to alter. Because of this,
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