Does it matter if a country has a large national debt as a proportion of its national income?
Answer to relevant QuestionsIf the government is running a budget deficit, does this mean that national income will increase?What is Good hart’s law? How is it relevant to(a) Monetary policy; (b) Using assignment grades to assess a student’s ability; (c) Paying workers according to the amount of output they produce;(d) Awarding local authority ...How can adaptive expectations of inflation result in clockwise Phillips loops? Why would these loops not be completely regular?What is meant by the ‘steady-state economic growth path’? What determines its slope?In what ways can interventionist industrial policy work with the market, rather than against it? What are the arguments for and against such policy?
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