A political candidate has written an op-ed piece in which she claims that the U.S. government debt has continually grown and is out of control. She includes the accompanying graph to support her argument. She further argues that the government can't sustain this level of debt by comparing it to an individual who is constantly spending more than she earns, thus racking up large amounts of consumer debt.
A political candidate has written an op-ed piece in which she claims that the U.S. government debt has continually grown and is out of control. She includes the accompanying graph to support her argument. She further argues that the government can't sustain this level of debt by comparing it to an individual who is constantly spending more than she earns, thus racking up large amounts of consumer debt.
Chapter11: Fiscal Policy
Section: Chapter Questions
Problem 19E
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