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Which of the following is false about budget deficits

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Reference no: EM132988735

Which of the following is false about budget deficits?

  • They can affect long run RGDP.
  • They typically happen when using contractionary fiscal policy.
  • They represent the difference between tax revenue and government expenditures.
  • They are financed with tax revenue or new debt

Reference no: EM132988735

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