An article in the Wall Street Journal noted that the total debt held by American households reached
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An article in the Wall Street Journal noted that “the total debt held by American households reached a record in early 2017, exceeding its 2008 peak.” Does this information indicate that the U.S. economy was close to the end of an economic expansion in early 2017? Briefly explain.
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Yes if debt follows its normal pattern it ...View the full answer
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