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Business, 20.12.2019 03:31 reagan23b

Suppose a government has access to the following sources of funding currently as well as over the long run:
source dollar amount
taxes $1,000
user charges $100
borrowed funds $250
1. in the current time period, this government's spending on goods and services and transfer payments is limited to
a. $1,250.
b. $1,100.
c. $1,000.
d. $1,350.
2. over the long run, this government's fundamental revenues are equal to
a. $1,250.
b. $1,000.
c. $1,350.
d. $1,100.

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