The United States' debt-to-GDP ratio peaked at 108% in 1946 and steadily declined until 1980.It steadily increased throughout the 1980s.It began to fall again in the 1990s.The debt-to-GDP ratio stayed fairly constant throughout the early 2000s,but began to increase quickly around 2008 and continues to rise today.Explain these patterns in the debt-to-GDP ratio.What was going on in the economy to cause these patterns?
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