Like the debt of many families, the national debt in 2014 was many times larger than the national income.
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Q14: Because of the recessions in 1983 and
Q15: Expansionary fiscal policy normally lowers interest rates.
Q16: Although a balanced budget may be appropriate
Q17: In 2010, the net national debt was
Q17: As GDP falls, automatic stabilizers run the
Q18: Both Social Security expenditures and the payroll
Q21: Monetizing the debt is a way of
Q22: The "crowding out" effect states that government
Q23: Since the debt is measured in dollars,
Q24: Contractionary fiscal policies used to reduce the
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