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Business, 13.03.2020 05:43 coreen9

2. Plot the 12-month percentage growth rates in total real government expenditures and in real government expenditures from 1948 to 2012. Calculate these growth rates from quarterly data. Do you think your plot shows any evidence that government spending crowds out private consumption? Why or why not?

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2. Plot the 12-month percentage growth rates in total real government expenditures and in real gover...

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