What is the role of the government in the one-period, Macroeconomics

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What is the role of the government in the one-period

Problem

1. Why is it useful to study a closed-economy model?

2. What is the role of the government in the one-period, closed-economy model?

3. Can the government run a deficit in the one-period model? Why or why not?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What is the role of the government in the one-period

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