Sketch three different graphs that could fit with these three hypothetical descriptions of how the federal debt might change over a 5-year period. For each graph, explain why its shape fits with the description. Your graph need not show specific values for the debt, but be sure to indicate what each axis represents.
- The debt grows, and it will grow at an increasing rate.
- The debt grows at steady rate.
- The debt grows, but it will grow at a decreasing rate
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