1. Explain how each of the following events would affect the public debt or implicit liabilities of...

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1. Explain how each of the following events would affect the public debt or implicit liabilities of the U.S. government, other things equal. Would the public debt or implicit liabilities be greater or smaller?

a. A higher growth rate of real GDP

b. Retirees live longer?

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Essentials Of Economics

ISBN: 9781429218290

2nd Edition

Authors: Paul Krugman, Robin Wells, Kathryn Graddy

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