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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Related Book For
Essentials Of Economics
ISBN: 9781429218290
2nd Edition
Authors: Paul Krugman, Robin Wells, Kathryn Graddy
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