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Question: 1. Why was the Great Depression an especially appropriate time to use fiscal policy rather than just monetary policy alone?

2. If the U.S.-debt-to-GDP ratio were 100% and if the interest rate on the debt were 5% (not far from the truth at present), then what fraction of U.S. GDP would go toward paying interest on the debt?

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Accounting Basics, Accounting

Category:- Accounting Basics
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