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President council of economic advisors

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Magically, you're transformed and you are now part of the President's Council of Economic Advisors (yes, and both the Senate and House have panels too- lots of jobs for economists these days...). So, the new Chief Economist wants to know what you think about the timing of Deficit (current year) spending, and when we need to start incurring a Surplus from the annual budget. Well??? When is the right time to deficit spend, and when is the wrong time? (support your answer with economic rationale, not your politics).

Reference no: EM131704353

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