Any help with any of these questions would be greatly appreciated! I have spent hours trying to use my textbook to figure out the answers, but it is very broad on each subject and not helpful at all. Thank you!
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10 .Suppose the economy is at full employment . Reduced geopolitical tensions cause*the federal government to decrease military spending , which causes a large budgetsurplus . According to the functional finance / Keynesian view of fiscal policy , howwill the surplus affect real GDP , employment , and the price level ? Explain in wordsand a graph .
