5. (7 pts) From a macroeconomic point of view, are deficits that arise from increased government purchases of consumptio
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5. (7 pts) From a macroeconomic point of view, are deficits that arise from increased government purchases of consumptio
5. (7 pts) From a macroeconomic point of view, are deficits that arise from increased government purchases of consumption goods better or worse than deficits that arise from increased government purchases of longer-lived assets? Are there other factors that are important to consider? Briefly explain.
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