Since the debt is measured in dollars, the presence of inflation serves to understate the true level of indebtedness.
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Q17: As GDP falls, automatic stabilizers run the
Q18: Both Social Security expenditures and the payroll
Q19: Like the debt of many families, the
Q21: Monetizing the debt is a way of
Q22: The "crowding out" effect states that government
Q24: Contractionary fiscal policies used to reduce the
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Q28: Deficit spending will not cause much inflation
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