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| 07703. MONEY SUPPLY AND GOVERNMENT BORROWING. Overview of theory of money supply and government borrowing, and of the Reagan budget-deficit controversy of 1983-1984. Includes quantity theory of money, demand and supply of money, federal role, IS-LM curves, Keynesian and monetarist views of whether "crowding out" of private investment by government borrowing occurs. Reagan budget controversy, views of Feldstein and Volcker, statistics of budget, views of financial markets. Concludes that massive government borrowing does discourage private investment through high interest rates. 11 pages, 23 footnotes, 7 bibliographic sources. |
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$77
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