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Business, 27.11.2019 21:31 samueldfhung

Congress votes a special one time $1 billion transfer to bail out the buggy whip industry. tax collections don't change, and no change is planned for at least several years. assume that the nominal interest rate is constant at 10%. a. by how much will this action increase the overall budget deficit? b. by how much will this action increase the primary deficit in the next year?

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Congress votes a special one time $1 billion transfer to bail out the buggy whip industry. tax colle...
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