An article in the Wall Street Journal noted that at the end of 2014, U.S. families' debt

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An article in the Wall Street Journal noted that at the end of 2014, "U.S. families' debt burdens have settled at their lowest level in over a decade." Does this information indicate that the U.S. economy was close to the end of an economic expansion in late 2014? Briefly explain.
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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