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Deficit
John Maynard Keynes
Key terms: deficit tax government debt borrows economy increases say inflation long rise must raises effect demand gdp cuts funds policy budget output unemployment supply thus interest rate market income further government deficits growth business active amount corporate surplus creates encourages deficit spending government borrows recession stimulate economists good or bad individuals crowding out potential output transfer payments private investment government purchases when a government borrows Search external links cited by footnotes on Wikipedia page Deficit spending: |
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