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The impacts of alternative longterm Federal policies
Trends in the U S Federal Budget 194778Ronald L Teigen
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adjustment aggregate aggregate demand assets average balance benefits billion budget share business cycle capital gains changes costs countercyclical credit activities cyclical decline deficit dollars economic effects employment equation estimates exchange rate expenditures Federal budget Federal Government Federal grants Federal Reserve financing fiscal policy functional Government budget government sector growth rate guarantee impact important income redistribution income tax increase indexation inflation rate inflationary interest rates labor supply loans Manufacturing Belt Medicaid Medicare ment monetary base NIA budget nominal money outlays output payments percentage points period personal income Phillips curve population potential GNP ratio receipts recession reduce regional regressions relative retirement revenues shift social insurance Social Security spending State-local structural Subfunction surplus tax base tax rate tion transfer payments trend coefficient U.S. Congress U.S. Government unemployment rate unified budget variable wage