In 2015, an article in the Wall Street Journal noted that Prime Minister Shinzo Abe is expected

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In 2015, an article in the Wall Street Journal noted that "Prime Minister Shinzo Abe is expected to unveil a plan to balance Japan's budget in five years ... as a step toward reducing the country's debt burden, according to government officials." What is the connection between the government's budget deficit and its debt? If the debt is a "burden," briefly explain what it is a burden on.
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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