The United States borrows a lot of money from other countries. If you wanted to use the

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The United States borrows a lot of money from other countries. If you wanted to use the lifecycle theory to explain this, would you say that the United States is acting like a “young”

country, an “old” country, or a “middle-aged”

country? There’s more than one correct way to answer this question. L 0 1

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Modern Principles Of Economics

ISBN: 9781429239974

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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