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2. Identify the factors that contribute to the rising debt-to- GDP in the US since 1940. In each area provide an example of how each

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2. Identify the factors that contribute to the rising debt-to- GDP in the US since 1940. In each area provide an example of how each can contribute to an increase in this ratio. a. Rational ignorance effect b. Short-sightedness effect c. Special-interest effect

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