Order the answer to: A common confusion is that…
| Question | A common confusion is that between the debt and the deficit. Explain each of the following: a. A budget deficit leads to a growing government debt. b. Reducing the deficit does not reduce the government debt. c. Reducing the government debt requires running a budget surplus. d. Even though the government deficit was reduced in the 1993-1998 period, the government debt still rose in these years. |
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| Subject | business-economics |
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