9. Distinguish between the total U.S. debt and the debt held by the public. Why is the

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9. Distinguish between the total U.S. debt and the debt held by the public. Why is the debt as a percentage of GDP more relevant than the total debt? Contrast the effects of paying off an internally held debt and paying off an externally held debt. LO4

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Essentials Of Economics

ISBN: 9780073511313

2nd Edition

Authors: Stanley L. Brue, Campbell R. McConnell, Sean M. Flynn

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