Question
the greatest expansionary impact of a budget deficit will occur when:
a-government borrows the money from the general public
b-economy is operating in the intermediate range of its aggregate supply curve
c-marginal propensity to save for the economy is high
d-gov. finances the deficit by obtaining new money
a-government borrows the money from the general public
b-economy is operating in the intermediate range of its aggregate supply curve
c-marginal propensity to save for the economy is high
d-gov. finances the deficit by obtaining new money