9 Nov 2021
Problem 18
Page 759
Section: CRITICAL THINKING QUESTIONS
Chapter 31: The Impacts of Government Borrowing
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9 Nov 2021
Introduction
Because the quantity supplied and quantity required in the financial capital market must always be equal, the national saving and investment identity must always be true. If the government budget is in deficit rather than surplus, or if the balance of trade is in surplus rather than deficit, the calculation will be slightly different.
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