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Solved: Assume an economy has a budget surplus of 1,000, private savings of 4,000, and

Principles of Economics | 2nd Edition | ISBN: 9781947172364 | Authors: Steven A. Greenlaw, David Shapiro, Timothy Taylor ISBN: 9781947172364 471

Solution for problem 2 Chapter 31

Principles of Economics | 2nd Edition

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Principles of Economics | 2nd Edition | ISBN: 9781947172364 | Authors: Steven A. Greenlaw, David Shapiro, Timothy Taylor

Principles of Economics | 2nd Edition

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Problem 2

Assume an economy has a budget surplus of 1,000, private savings of 4,000, and investment of 5,000. a. Write out a national saving and investment identity for this economy. b. What will be the balance of trade in this economy? c. If the budget surplus changes to a budget deficit of 1000, with private saving and investment unchanged, what is the new balance of trade in this economy?

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History 225 LECTURE Notes The Four Ghosts that Haunt Constitution Hall 1. Constitutional Convention: -Who were the delegates (55) Wealthiest merchants, slaveholding planters, lawyers, businessmen, men of property, men of property, college grads, “money men” -Could elites draft a constitution that serves their own material interests Or will they create a constitution that incorporates the wishes of the people How do these rich men define the public interest -Alexander Hamilton’s 6-hour speech: (July)  To convention: this is what we need to create; hierarchical proposal for a new constitution  People are changing, can’t be trusted, don’t have property or knowledge to know what’s right for the country  Protect new government

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Textbook: Principles of Economics
Edition: 2
Author: Steven A. Greenlaw, David Shapiro, Timothy Taylor
ISBN: 9781947172364

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Solved: Assume an economy has a budget surplus of 1,000, private savings of 4,000, and