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Explain what a budget deficit is. Describe how under the Keynesian model budget deficits increase aggregate demand.
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Running head: BUDGET DEFICIT
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Topic: Budget Deficit
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Budget Deficit
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Budget deficit
Budget deficit takes place when the government, businesses, or individuals budgeted
beyond the available revenue available for their spending, in a duration of time. According to
Aisen, and Hauner, (2013) claims that ...
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