Consider Figure 27.10. Would a rise in government borrowing make it harder or easier for a new

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Consider Figure 27.10. Would a rise in government borrowing make it harder or easier for a new business to sell new stocks in an initial public offering (IPO)? In other words, are government bonds and corporate stocks substitutes for each other or complements to each other? L 0 1

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Modern Principles Of Economics

ISBN: 9781429239974

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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