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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 benefits billion budget share business cycle changes costs countercyclical credit activities cyclical decline deficit demand demographic dollars domestic economic effects equation estimates exchange rate expansion expenditures Federal budget Federal Government Federal Reserve financing Fiscal Federalism fiscal policy foreign exchange reserves functional funds Gini coefficient government sector growth rate guarantees impact important income tax increase inflation rate inflationary interest rates labor supply loans measure Medicaid Medicare ment monetary base mortgage NIA budget offset outlays output payments percent percentage points period personal income Phillips curve potential GNP poverty pretransfer ratio receipts reduce regressions retirement revenues rise shift significant social insurance Social Security spending stabilization State-local structural Subfunction surplus tax rate tion transfer payments trend coefficient U.S. Congress U.S. Government unemployment rate unified budget variables wage