Federal Budget Deficits: America's Great Consumption Binge |
Other editions - View all
Federal Budget Deficits: America's Great Consumption Binge Paul N Courant,Edward M Gramlich No preview available - 2018 |
Federal Budget Deficits: America's Great Consumption Binge Paul N Courant,Edward M Gramlich No preview available - 2018 |
Common terms and phrases
adjustment amount analysis arbitrage assets balance balanced budget amendment billion borrowing Bradley-Gephardt budget deficit capital formation capital gains capital income capital stock capital-labor ratio changes chapter consumption binge costs deductions defense spending demand pull inflation depreciation devoted to capital discussed dollar drop economic economic rent economy's employment federal budget federal government fiscal policy flat tax forecasts future government deficits impact increase inflation interest payments investment line-item veto living standards long run long-term lower macroeconomics marginal product measure medicare ment neoclassical growth model nominal nominal interest rate outlays output devoted percent of GNP personal income tax political prices and wages private saving problem product of capital programs projected purchases raise real interest rate reduce the deficit reform revenue rise saving rate share of output short run simply social insurance social security tax base tax rates tax system taxation taxpayers tion Treasury United worker