Question: Plot the FRED data on gross federal debt held by the public as a percent of GDP for the United States. In which periods within

Plot the FRED data on gross federal debt held by the public as a percent of GDP for the United States. In which periods within the postwar era did the United States experience prolonged declines in the ratio of federal debt relative to GDP? In which periods did the ratio of federal debt to GDP rise rapidly? Can you explain the main causes of the increases in the ratio of federal debt to GDP?

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