* * * * * * The traditional view is just the viewpoint embodied in the models that students learned in chapters 3 through 13 of this textbook. This viewpoint is accepted by most mainstream economists. * * * * * * If you would like to save time, you can combine the material on this slide with the material on slide 23 (other perspective #3: debt politics), as both deal with the balanced budget constraint on fiscal policy. * * * This slide and the next correspond to the case study “the Benefits of Indexed Bonds” that closes Chapter 15 (see pp.451-452). It might be worth taking a moment t
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