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chronic large deficits. The familiar conclusion that sustained government deficits at full employment depress private capital …
Persistent link: https://www.econbiz.de/10012471120
In the absence of major policy changes, federal government budget deficits will probably constitute a serious impediment to any increase inthe U.S. economy's net investment rate, and may even depress the investment rate still further, during the latter 1980s. The U.S. Government's outstanding...
Persistent link: https://www.econbiz.de/10012477890