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smitch6 smitch6
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6 years ago
In our two-period model, the government must pay off all debt, in reality
A) this is approximately correct.
B) only developing countries can perpetually run deficits.
C) governments take longer than two-periods to pay off debt, but almost always do.
D) only countries in the European Union are unlikely to ever pay off their debt.
E) governments rarely pay off all of their debt.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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