5. a) Explain how to budget deficit can create a trade deficit. b) Briefly discuss how...

5. a) Explain how to budget deficit can create a trade deficit.

b) Briefly discuss how time lag could be an argument against policy activism. What is the role of automatic stabilizer in this context? Explain with examples

c) What is the time inconsistency problem? Give two examples of time inconsistency problem that are not in your book.

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Rahul Sunny answered 1 year ago

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