The issuance of new debt in payment of previously issued debt is called refinancing.
Refinancing is the issuance of new debt in payment of debt issued earlier.
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Q118: Deficit spending occurs when
A)Consumers spend less than
Q119: The In the News article in the
Q120: Most developed countries experience deficit spending.
Although U.S.budget
Q121: The national debt is a stock of
Q122: Eventually,external debt must be repaid with the
Q124: Externally held debt refers to that part
Q125: Because the government must pay interest on
Q126: When deficits are run continuously with a
Q127: The opportunity cost of government purchases is
Q128: The size of the debt will begin
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