Like many families, the national debt in 2010 was many times larger than the national income.
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Q2: Economic principles suggest that we should focus
Q3: The actual deficit is a poor measure
Q4: The budget deficit is the amount by
Q7: The structural deficit is extremely sensitive to
Q12: At levels of GDP above full employment,
Q14: Because of the recessions in 1983 and
Q15: Expansionary fiscal policy normally lowers interest rates.
Q17: As GDP falls, automatic stabilizers run the
Q18: The structural deficit is determined by established
Q18: Both Social Security expenditures and the payroll
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