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Q. Assume that gross national debt initially is equal to 3 trillion and federal government n runs a deficit of $300 billion: Illustrate what is new level of gross national debt? If 100 % of deficit is financed by sale of securities to federal agencies, illustrate what happens to amount of debt held by public? Illustrate what happens to level of gross debt?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9292784

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