For each of the following scenarios, explain the effect on the debt-to-GDP ratio. a. The growth rate

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For each of the following scenarios, explain the effect on the debt-to-GDP ratio.
a. The growth rate of the labor force decreases.
b. The nominal interest rate on existing bonds increases.
c. The money supply increases, which causes the rate of inflation to rise.
d. The money supply decreases, but there is no change in the rate of inflation.
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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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