MACROECONOMICS
MACROECONOMICS
14th Edition
ISBN: 9781337794985
Author: Baumol
Publisher: CENGAGE L
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Chapter 21, Problem 4DQ
To determine

To discuss: The problems posed by sharp increase in the debt to GDP ratio of the US economy during the phase of World War II.

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Analyse the action that government can take to assist the economy during a recession
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