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Elucidate what would there be any distinction
Course:- Business Economics
Reference No.:- EM1365199





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suppose that all tax collections are fixed (instead of dependent on income) and all spending and transfer payments programs are also fixed ( in the sense that they do not depend on the state of the economy).If this were he case would there be any automatic stabilizers in the government economy?Would there be any distinction between the full-employment deficit and actual budget deficit?explain.




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