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Suppose that President Trump cuts federal income taxes, and at the same time decreases government spending...

Suppose that President Trump cuts federal income taxes, and at the same time decreases government spending on schools and the environment. If the two actions offset each other exactly such that the fall in T = the fall in G, what will be the impact on U.S. output? Use the AA-DD model in your analysis.

In fact, according to current analyses, is the federal budget deficit expected to increase or decrease in FY2019?

When was the last time the U.S. federal government budget was balanced? Who was president at the time?
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