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  • https://socialsci.libretexts.org/Bookshelves/Economics/Economics_-_Theory_Through_Applications/29%3A_Balancing_the_Budget/29.05%3A_The_Costs_of_Deficits
    We now turn to the costs of deficit spending. (Although we refer to this as “deficit spending,” the same arguments apply if we analyze the effects of a reduction in the government surplus.) First, we ...We now turn to the costs of deficit spending. (Although we refer to this as “deficit spending,” the same arguments apply if we analyze the effects of a reduction in the government surplus.) First, we need to understand what happens in the financial sector of the economy if the government runs a deficit. In the case of the government sector earlier in the chapter, the balance of these flows is another way of saying that the government must satisfy its budget constraint.
  • https://socialsci.libretexts.org/Courses/Diablo_Valley_College/Econ_101%3A_Economics_of_Public_Issues_(Sorce)/14%3A_Taxation_and_the_Public_Budget/14.05%3A_Balancing_the_Budget/14.5.05%3A_The_Costs_of_Deficits
    We now turn to the costs of deficit spending. (Although we refer to this as “deficit spending,” the same arguments apply if we analyze the effects of a reduction in the government surplus.) First, we ...We now turn to the costs of deficit spending. (Although we refer to this as “deficit spending,” the same arguments apply if we analyze the effects of a reduction in the government surplus.) First, we need to understand what happens in the financial sector of the economy if the government runs a deficit. In the case of the government sector earlier in the chapter, the balance of these flows is another way of saying that the government must satisfy its budget constraint.
  • https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/29%3A_The_Financial_System/29.1%3A_Introducing_the_Financial_System
    A financial intermediary is an institution that facilitates the flow of funds between individuals or other economic entities.
  • https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/21%3A_Inflation/Defining_Measuring_and_Assessing_Inflation
    Inflation is an increase in average price levels.

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