Briefly explain why a high level of national debt may be detrimental for economic growth.

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Fundamentals of Investments Valuation and Management

ISBN: 978-0078115660

7th edition

Authors: Bradford Jordan, Thomas Miller

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Question Posted: Nov 18, 2016 09:32 AM

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Briefly explain why a high level of national debt may be detrimental for economic growth.

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High governmental debt crowds out the private sector For examp...View the full answer

Fundamentals of Investments Valuation and Management

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