The budget deficit rose sharply during the Great Recession, reaching 10 percent of GDP. The debt-GDP ratio

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The budget deficit rose sharply during the Great Recession, reaching 10 percent of GDP. The debt-GDP ratio rose to more than 60 percent. Neither number is dire in and of itself, but together they are more threatening given the next point.
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Macroeconomics

ISBN: 978-0393923902

3rd edition

Authors: Charles I. Jones

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